Been having a really hard time with this problem.. please help!
Match the phrases below with the corresponding problem with fiscal policy.
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1.One year after the stimulus bill was approved, most of its impact has yet to be felt.
2.Congress cannot reach an agreement upon the proper way to address our changing economic conditions.
3.Tax breaks were focused upon large oil companies, who donated generously to the administration’s campaign.
4.Revised data allow us a much more accurate view of last month’s economic conditions.
5. Full employment balanced budgets are a thing of the past
a)short run planning horizon b)action lag c)effect lag d)recognition lag e)political weapon