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

[pane00]

Question 1

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








Refer to Figure 29.1. If the condition of the economy at point 
E is realized by policy makers when the economy is at point 
G, policy is likely to be inappropriate due to

◦ crowding out.
◦ the recognition lag.
◦ the implementation lag.
◦ the 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. If the economy is actually at Point 
G but policy makers think that it is still at Point 
E, this is an example of

◦ economic policies ineffectiveness.
◦ response lag.
◦ implementation lag.
◦ recognition lag.

[onowka]

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[pane00]

Thanks for the timely response, appreciate it

[coreycathey]

TYSM