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There are several time lags involved when fiscal policy is applied. The first hurdle faced by a government is A. recognizing that the economy is facing a problem that could be solved by applying fiscal policy. B. the time it takes for the policy to have an effect on the economy. C. the time it takes Congress to decide upon the type of fiscal policy to be used. D. the time it takes Congress to pass the bill to enact the fiscal policy.
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There are several time lags involved when fiscal policy is applied. The first hurdle faced by a gove...
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