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Basic Question 3 of 11

Which of the following is a timing problem associated with discretionary fiscal policy?

I. Recognizing the existence of a macroeconomic problem
II. Enacting the appropriate enabling legislation
III. Initiating a change in aggregate demand
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User Contributed Comments 3

User Comment
danlan Three are all timing problems.
YOUCANDOIT I) Recognition Lag
II) Action Lag
III) Impact Lag
khalifa92 high ping
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I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu

Edward Liu

Learning Outcome Statements

explain the implementation of fiscal policy and difficulties of implementation as well as whether a fiscal policy is expansionary or contractionary

CFA® 2025 Level I Curriculum, Volume 1, Module 3.