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.
How to set up and solve linear models (Question 2)
Figure and Ground
Probability question
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economic question
economic question