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Discuss the difference between group supervision, peer supervision and consultation.
Passive Approach
A strategy characterized by minimal or no intervention, often used in investment or management contexts.
Expansionary Gap
A situation where actual output in an economy exceeds the potential output, typically leading to inflation.
Recognition Lag
The delay between the time an economic problem or trend is identified and the time it is officially recognized by policymakers or authorities.
Implementation Lag
The time needed to introduce a change in monetary or fiscal policy.
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