Explain the three types of fiscal-policy lags, Macroeconomics

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Explain the three types of fiscal-policy lags

Problem

1. How are government budget balances affected by countercyclical fiscal policy? Be sure to describe the effects of both expansionary and contractionary fiscal policy.

2. Explain the three types of fiscal-policy lags.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: Explain the three types of fiscal-policy lags

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Macroeconomics: Explain the three types of fiscal-policy lags

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