Which of the Following Is True of Lags Associated with Discretionary

question 12

Multiple Choice

Which of the following is true of lags associated with discretionary policy?

• A) Such lags extend only from the time a problem occurs in an economy to the time it is recognized by the government.
• B) Such lags extend only from the time a problem is recognized by the government to the time an agreed-on policy is approved of.
• C) Such lags extend only from the time a policy is approved to the time the policy is implemented.
• D) Such lags can be reduced by taxation.
• E) Such lags extend only from the time a problem occurs in an economy to the time a corrective policy has an impact on the economy.

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Definitions:

Placebo Control Group

A group of participants in a study who receive a sham treatment, allowing for the comparison of the actual intervention’s effectiveness.

Socially Desirable

Pertains to behaviors or responses that are seen as favorable by society and are thus more likely to be expressed by individuals.

Social Desirability Bias

The tendency of survey respondents to answer questions in a manner that will be viewed favorably by others.

Socially Approved

Regarded or accepted by society as being correct, appropriate, or beneficial.