Question

1. two important limitations of fiscal policy are that it takes some time for the effects of policy to be felt and that fiscal policy is _____ structural the federal reserves job never effective political

Explanation:

Fiscal policy is determined by the government. Political considerations can influence its implementation. For example, politicians might be more inclined to use expansionary fiscal policy (e.g., tax cuts, increased spending) before elections to boost the economy and gain voter support, rather than making decisions purely based on economic need. This political aspect can limit the effectiveness of fiscal policy as it may not always be used in the most economically optimal way. Structural is not a typical limitation in this context. The Federal Reserve is related to monetary policy, not fiscal policy. And saying fiscal policy is "never effective" is an over - generalization as it can be effective in certain situations.

Answer:

D. political