The Best Policy Response to a Disturbance May Be to Do

question 29

Multiple Choice

The best policy response to a disturbance may be to do nothing if,

• A)there are long and variable outside lags
• B)a disturbance is short-lived
• C)the inside and outside lags are both short
• D)the recognition lag is negative
• E)both A)and B

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Definitions:

Chi-squared Distribution

A probability distribution that arises in statistics when estimating how closely an observed distribution matches an expected distribution.

Interval Data

A type of data measurement where the order of the data points is meaningful and the difference between data points is consistent and measurable.

Nominal Data

Information grouped into categories without an inherent numerical value or order, such as colors or gender.

Ordinal Data

Data classified into categories within a specific order or ranking, but without meaningful mathematical differences between those rankings.