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The time it takes for policy makers to obtain data indicating what is happening in the economy is called
Casual
Marked by an informal, relaxed, or unconcerned attitude or manner.
Formal
Pertains to actions, processes, or structures that are officially recognized and enforced by an organization or institution, often characterized by written rules and regulations.
Unobservable Components
Elements or factors within a system or process that cannot be directly seen or measured but influence outcomes.
Culture
The collective social behavior, norms, knowledge, beliefs, arts, laws, customs, capabilities, and habits of the people in these societies.
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Q101: Which of the following is an example