Answer the Question on the Basis of the Following Sequence

question 67

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 administrative 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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Hollywood

The hub of the American film industry, known for its significant influence on global cinema and entertainment.

Wealth

The abundance of valuable resources or material possessions, or the control of such assets.

Income

The financial return or earnings from work, investments, or any other sources, usually measured over a specific period.

Disparity

A great difference or inequality between two or more things, often relating to unfair treatment or outcomes in society.