AAFM Chartered Wealth Manager (CWM) Certification Level II Examination CWM_LEVEL_2 Question # 178 Topic 18 Discussion

AAFM Chartered Wealth Manager (CWM) Certification Level II Examination CWM_LEVEL_2 Question # 178 Topic 18 Discussion

CWM_LEVEL_2 Exam Topic 18 Question 178 Discussion:
Question #: 178
Topic #: 18

Section A (1 Mark)

Fiscal policy is difficult to implement quickly because


A.

It requires political negotiations.


B.

Much of government spending is nondiscretionary and cannot be changed.


C.

Increases in tax rates affect consumer spending gradually.


D.

A and B.


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