An Impact Lag Happens Because

question 23

Multiple Choice

An impact lag happens because

• A) the impacts of recessions are felt sooner than the impacts of expansions.
• B) it is difficult to determine when the economy is turning up or down.
• C) in most nations,one or more governing bodies must approve government spending or new tax policies.
• D) it takes time for the complete effects of monetary and fiscal policy to materialize.

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Definitions:

Business Reports

Documents that provide analysis and information on business performance, often used to support decision-making processes.

Keywords

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Journalistic Writing Style

A writing style characterized by objectivity, conciseness, and clarity, often used in news reporting and feature articles.

Formal Message

A communication that follows a structured format, often used in professional or official contexts.