Examlex
Studies show that Chinese, Japanese, and Korean children tend to score slightly higher on traditional intelligence tests than their __________ and __________ counterparts.
Discretionary Policy
Discretionary Policy involves the deliberate use of monetary or fiscal policy changes by government policymakers to address economic issues.
Monetary Policy
Actions undertaken by a central bank to control the supply of money and interest rates in its economy.
Fiscal Policy
Government policies related to taxation and government spending to influence the economy.
Lags
Lags refer to the delay between the implementation of economic policy or action and its actual effect on the economy, often observed in fiscal and monetary policies.
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