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Explain the Three Lags That Make It Difficult to Time

question 101

Essay

Explain the three lags that make it difficult to time changes in discretionary policy properly.


Definitions:

Entrepreneurship

Entrepreneurship involves identifying business opportunities and willingly taking risks to start and manage a business.

Management Layers

The levels of management within an organization, from top-level executives to middle managers and then lower-level operational managers.

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