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

[jazziefee]

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 policy makers take an action at time 
t
₂, the impact on the economy will not be at time 
t
₂ because

◦ economic policies are ineffective.
◦ of the response lag.
◦ of the implementation lag.
◦ of the recognition 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 policy makers decide at time 
t
₂ that the economy is contracting too fast, but the policy changes start affecting the economy at 
t
₄, then the policy will be

◦ inappropriate.
◦ well timed.
◦ ineffective.
◦ optimal.

[momo1250]

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[jazziefee]

Excellent

[momo1250]

Great! Please up vote