Seeing is believing!
Before you order, simply sign up for a free user account and in seconds you'll be experiencing the best in CFA exam preparation.
Basic Question 3 of 11
Which of the following is a timing problem associated with discretionary fiscal policy?
II. Enacting the appropriate enabling legislation
III. Initiating a change in aggregate demand
I. Recognizing the existence of a macroeconomic problem
II. Enacting the appropriate enabling legislation
III. Initiating a change in aggregate demand
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 |
I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt
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.