Policy Time Lags Can Cause Difficulties for Policy Makers Because

question 49

Multiple Choice

Policy time lags can cause difficulties for policy makers because:

• A) the size of the multiplier cannot be known with certainty
• B) it is difficult for policy makers to agree which policy is best at a point in time
• C) by the time the policies take effect the nature of the economic problem may have changed
• D) by the time the policies take effect the economy will have self- corrected

---

Definitions:

2008

A year marked by significant global events including the start of the Great Recession and the election of Barack Obama as the 44th President of the United States.

Environmental Influences

External factors, including social, cultural, and physical environments, that can affect individuals' behaviors, decisions, and health.

Genetic Influences

The contribution of genes to the development of traits and behaviors in organisms, including humans.

Monozygotic Twins

Twins who originate from a single fertilized egg, therefore sharing identical genetic material.