Is fiscal policy often too late to be helpful

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Question: Referring to the 2001 recession, an editorial in The Economist titled "Restoring the fiscal option" (January 17, 2002) argued that "In the United States, 9 months after the recession began, Republicans and Democrats are quarrelling over which ill-conceived measures to include in their stimulus package-as if to prove right those who say that fiscal expansion always come too late to be any use." Is that right? Is fiscal policy often too late to be helpful?

Reference no: EM131483139

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