Answer the Question on the Basis of the Following Sequence

question 188

Multiple Choice

Answer the question on the basis of the following sequence of events involving fiscal policy: (1) The composite index of leading indicators turns downward for three consecutive months, suggesting the possibility of a recession.(2) Economists reach agreement that the economy is moving into a recession.(3) A tax cut is proposed in Congress.(4) The tax cut is passed by Congress and signed by the president.(5) Consumption spending begins to rise, aggregate demand increases, and the economy begins to recover.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:

Fire Safety

Practices and measures designed to prevent, mitigate, and ensure safety against fire hazards in various settings.

Underhood Fire

A fire that occurs within the engine compartment of a vehicle, often caused by electrical faults or leaks of flammable fluids.

Supplemental Coolant Heater

An auxiliary heater used in vehicles to aid in heating the engine coolant, providing faster warm-ups in cold weather.

Diesel Fuel

A type of liquid fuel used in diesel engines, formulated from the distillation of petroleum.