Examlex
During the days following Superstorm Sandy,telephone and Internet service was poor across a wide area because so many people were trying to get in touch with friends and relatives.Customers of these services soon realized that they should not expect the level of service they were accustomed to prior to the storm.These customers were quite forgiving during this time because they recognized that service performance was being affected by:
Time Lags
The delays between the initiation and the effect of an economic policy or other financial actions, impacting their effectiveness.
Passive Approach
An investment strategy that minimizes buying and selling actions, favoring long-term holding and typically indexed investments.
Policy Lags
The delay between the time a policy is enacted and the time it has an impact on the economy.
Discretionary Policy
Discretionary policy involves government and central banking measures that are actively implemented to influence economic conditions, such as adjusting taxes or changing interest rates.
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