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It Takes Time for the Complete Effects of Monetary and Fiscal

question 18

Multiple Choice

It takes time for the complete effects of monetary and fiscal policy to materialize.This is because there is a(n) ________ lag between setting fiscal policy and seeing its effects.


Definitions:

One-Year Provision

A legal principle that requires certain contracts, such as those that cannot be fulfilled within one year, to be in writing to be enforceable.

Contract Comes into Existence

The point at which an agreement between two or more parties is legally enforceable, usually triggered by an offer, acceptance, and adequate consideration.

Specific Performance

A legal remedy requiring a party to fulfill their obligations under a contract, rather than providing monetary compensation for failing to do so.

Contract Remedy

The legal means available to a party to enforce, redress, or protect their rights under a contract.

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