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

question 199

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 recognition lag of fiscal policy is reflected in events:

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

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Definitions:

Mental Representation

A cognitive structure in the mind that represents objects, events, or concepts, serving as a mental model of the world.

Proposition

A declaration or claim that reflects a belief or viewpoint.

Visual Imagery

The mental representation and simulation of sensory experiences, particularly sight, in the absence of direct sensory input.

Visual Perception

The ability to interpret the surrounding environment by processing information contained in visible light.