Refer to the information provided in Figure 29.1 below to answer ...

[justinmsk]

Question 1

Refer to the information provided in Figure 29.1 below to answer the question(s) that follow.








Refer to Figure 29.1. Suppose it takes policy makers from time 
t
₄ to time 
t
₇ to take an action to stimulate the economy. This is an example of

◦ implementation lag.
◦ recognition lag.
◦ cyclical lag.
◦ response lag.

Question 2

Refer to the information provided in Figure 29.1 below to answer the question(s) that follow.








Refer to Figure 29.1. Suppose it takes policy makers from time 
t
₅ to time 
t
₇ to see that the economy has started expanding. This is an example of

◦ a response lag.
◦ an implementation lag.
◦ a policy lag.
◦ a recognition lag.

[mcni194]

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[justinmsk]

Thank you!

[mcni194]

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