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Lorenzo Quit Smoking and Reduced His Alcohol Intake

question 63

Multiple Choice

Lorenzo quit smoking and reduced his alcohol intake.At the same time,he improved his healthy eating behaviors and increased his physical activity.Lorenzo's lifestyle changes are likely to __________.


Definitions:

Recessionary Gap

The difference between the actual output of an economy and its potential output if all resources were fully employed, indicating underperformance.

Expansionary Gap

A situation in an economy where total spending exceeds the production capacity, leading to inflationary pressures and a rise in output.

Effectiveness Lag

The time needed for changes in monetary or fiscal policy to affect the economy

Decision-making Lag

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

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