One Timing Problem in Using fiScal Policy to Counter a Recession

question 342

Multiple Choice

One timing problem in using fiscal policy to counter a recession is the "operational lag" that occurs between the

• A) start of the recession and the time it takes to recognize that the recession has started.
• B) start of a predicted recession and the actual start of the recession.
• C) time fiscal action is taken and the time that the action has its effect on the economy.
• D) time the need for the fiscal action is recognized and the time that the action is taken.

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Definitions:

Epididymis

Elongated structure connected to the posterior surface of the testis, which consists of the head, body, and tail; site of storage and maturation of the spermatozoa.

Oocyte

Immature ovum.

"Window of Opportunity"

describes a period when unique circumstances allow for a particular action to be taken that may not be possible at another time.

Ovulation

Release of an ovum, or secondary oocyte, from the vesicular follicle.