Time Lags Associated with Policy Decision Making and Implementation Suggest

question 56

Multiple Choice

Time lags associated with policy decision making and implementation suggest that:

• A) increases in spending to fight a recessionary gap can be timed correctly.
• B) increases in spending to fight a recessionary gap may occur too early.
• C) increases in spending to fight a recessionary gap may occur too late.
• D) most information is old before the public is aware of it.

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Definitions:

Price

The sum required, expected, or disbursed as a purchase price for an item.

Government-Provided Goods

Goods and services offered to the public by the government that might not be provided by the market or would be underprovided, such as public parks and national defense.

Explicit Fee

A clear and defined charge for a service or product that is not hidden or implicit.

Antipoverty Programs

Government or organizational initiatives designed to reduce or eliminate poverty by providing assistance to the needy through services or financial aid.