Refer to the information provided in Figure 29.1 below to answer the question(s) that follow. 
Figure 29.1
-Refer to Figure 29.1. If policy makers decide at time t5 that the economy is expanding too fast, but the policy changes start affecting the economy at t7, then the policy will be
Definitions:
Authoritarian
A governing system or leadership style characterized by strong central power and limited political freedoms.
Democratic
Pertaining to a system of government by the whole population or all the eligible members of a state, typically through elected representatives.
Laissez-faire
An economic principle advocating minimal governmental interference in the free market and the economic affairs of individuals.
Bureaucratic Innovations
New methods, policies, or practices implemented within bureaucratic structures to improve efficiency, responsiveness, or outcomes in organizational or governmental operations.
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