The Time Between a Shock to the Economy and the Policy

question 43

Multiple Choice

The time between a shock to the economy and the policy action responding to that shock is called the:

• A) automatic stabilizer.
• B) time inconsistency of policy.
• C) inside lag.
• D) outside lag.

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Definitions:

Blood Pressure

The force exerted by circulating blood on the walls of blood vessels, essential for maintaining the flow of blood through the body.

Filtration

A process that separates solid particles from liquids or gases using a filter medium that permits the fluid to pass but not the solid particles.

Nitrogenous Waste

Waste products that contain nitrogen, primarily produced by the metabolic breakdown of proteins and nucleic acids, and excreted by organisms.

Urea

Main nitrogenous waste of terrestrial amphibians and most mammals.