Identify and Explain the Three Lags Associated with the Implementation

question 20

Essay

Identify and explain the three lags associated with the implementation of fiscal policy.

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Definitions:

Trenton

The capital city of New Jersey, notable for its pivotal role in the American Revolutionary War during the Battle of Trenton.

French

relates to France or its people, language, or culture, a country known for its historical influence on art, science, and philosophy.

Intolerable Acts

A series of punitive laws passed by the British Parliament in 1774 meant to punish the Massachusetts colonists for the Boston Tea Party.

Continental Congress

The assembly of delegates from the Thirteen Colonies which became the governing body of the United States during the American Revolution.