Briefly state and evaluate the problem of time lags in, Microeconomics

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Briefly state and evaluate the problem of time lags in

Briefly state and evaluate the problem of time lags in enacting and applying fiscal policy. How main "politics “complicate fiscal policy? How might expectations of a near term policy reversal weaken fiscal policy based on changes in tax rates? What is the crowding out effect, and why might it be relevant to fiscal policy?

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