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Business, 14.04.2020 18:38 gabbypittman20

Match each of the following scenarios in which there are problems enacting and applying fiscal policy with the correct type of problem. a. To fight a recession, Congress has passed a bill to increase infrastructure spending—but the legally required environmental-impact statement for each new project will take at least two years to complete before any building can begin. b. Distracted by a war that is going badly, inflation reaches 8 percent before politicians take notice. c. A sudden recession is recognized by politicians, but it takes many months of political deal making before a stimulus bill is finally approved. d. To fight a recession, the president orders federal agencies to get rid of petty regulations that burden private businesses—but the federal agencies begin by spending a year developing a set of regulations on how to remove petty regulations.

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