Critical Thinking Questions

question 336

Short Answer

Critical Thinking Questions
Case 1-1
You are the manager of the Sales department for a local clothing store that has three locations. You have prepared a worksheet containing data about the sales figures for the company, which also has a chart to illustrate of the data.
You want to use a shape style to change the look of your chart, but first you want see a Live Preview of how it will look. What do you do with the pointer to see a Live Preview?
a. Hover the pointer over the shape style.
b. Double-click the shape style.
c. Right-click the shape style.
d. Triple-click the shape style.

---

Definitions:

Decision-making Lag

The delay between the identification of a need for a policy response and the implementation of the decision.

Recognition Lag

The time needed to identify a macroeconomic problem and assess its seriousness.

Effectiveness Lag

The time it takes for a policy action, particularly in monetary or fiscal policy, to produce its intended effects on the economy.

Recognition Lag

The time it takes for policymakers to identify and acknowledge an economic problem or trend.