(1) the Composite Index of Leading Indicators Turns Downward for Three

question 226

Multiple Choice

(1) The composite index of leading indicators turns downward for three consecutive months; (2) Economists reach agreement that the economy is moving into a recession; (3) A tax cut is proposed in Parliament; (4) The tax cut is passed by Parliament; (5) Consumption spending begins to rise, aggregate demand increases, and the economy begins to recover.Refer to the above information.The operational lag of fiscal policy is reflected in events:

• A)1 and 2.
• B)2 and 3.
• C)3 and 4.
• D)4 and 5.

---

Definitions:

Underreward Inequity

A situation where an individual perceives they are receiving less compensation or recognition for their efforts compared to others.

Outcome/Input Ratio

A concept used in equity theory referring to the ratio of contributions (inputs) an individual gives to a job and what they receive (outcomes) in return.

Overreward Inequity

A perception that one is receiving more rewards in comparison to their input or efforts, which can lead to feelings of guilt or discomfort.

Maslow's Needs Hierarchy

A theory proposed by Abraham Maslow that suggests human needs are arranged in a hierarchy from most to least pressing: physiological, safety, love/belonging, esteem, and self-actualization.