Problem of time lags in enacting and applying fiscal policy
In brief state and evaluate the problem of time lags in enacting & applying fiscal policy.
Expert
This takes time to ascertain the direction wherein the economy is moving (recognition lag), to obtain a fiscal policy enacted into law (administrative lag); and for the policy to have its full influence on the economy (operational lag). In the meantime, other factors may change, rendering inappropriate a specific fiscal policy. Nevertheless, discretionary fiscal policy is a valued tool in preventing severe recession or severe demand-pull inflation.
describe the sales forecasting process ?
Character of Expenditure: A classification recognizing the major purpose of expenditure, like State Operations, Local Assistance, Capital Outlay, or Unclassified.
What do you mean by Without Regard To Fiscal Year (WRTFY): Where an appropriation has no period of restriction on its accessibility.
Executive Branch: One of the three branches of state government, accountable for administering and implementing the state's laws and programs. The Governor's Office and those individuals, departments, and offices reporting to it (that
Financial Models: A model which symbolizes the financial statements or financial operations of a company in terms of its business parameters and forecasts future financial performance. Models are employed for risk management by examining various econo
Normal 0 false false
Describe how a firm find out the optimal level of current assets. The optimal level of working capital is finding out by determining the amount that balances the requirement for liquidity and for profitability.
Describe the advantages and disadvantages of the aggressive working capital financing approach? An aggressive working capital financing approach generally results in a lower cost of funds for a firm however a higher level of risk.
How is finance associated to the fields of economics and accounting?
18,76,764
1926483 Asked
3,689
Active Tutors
1436891
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!