One Timing Problem in Using fiScal Policy to Counter a Recession

question 154

Multiple Choice

One timing problem in using fiscal policy to counter a recession is the "administrative 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:

United States

A country primarily located in North America, comprising 50 states, a federal district, five major self-governing territories, and various possessions.

Obesity

A medical condition characterized by excessive body fat that presents a risk to health, often measured by body mass index (BMI).

Cardiovascular Disease

A general term for conditions affecting the heart or blood vessels, often related to atherosclerosis or the build-up of plaque in the arteries.

United States

A federal republic composed of 50 states, a federal district, five major self-governing territories, and various possessions, known for its influence on global culture, economy, and politics.