Examlex
Who defined power as the ability to bring about an intended outcome, even when opposed by others?
Recognition Lag
The delay between the onset of an economic problem and the time at which it is recognized by policymakers.
Decision Lag
The delay between recognizing the need for a decision and the actual implementation of that decision, often affecting the efficiency of response in economic policy.
Impact Lag
The time it takes for the full effects of a monetary or fiscal policy to impact the economy after it has been implemented.
Borrow
The act of getting something from someone with the intention of returning it or its equivalent.
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