An Impact Lag Happens Because

question 23

Multiple Choice

An impact lag happens because

• A) the impacts of recessions are felt sooner than the impacts of expansions.
• B) it is difficult to determine when the economy is turning up or down.
• C) in most nations,one or more governing bodies must approve government spending or new tax policies.
• D) it takes time for the complete effects of monetary and fiscal policy to materialize.

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Definitions:

Chile

A country located along the southwestern coast of South America, known for its long, narrow strip of land that stretches between the Andes mountains and the Pacific Ocean.

Africa

The world's second-largest and second-most populous continent, known for its diverse cultures, languages, and natural resources.

Cultural Nationalism

A form of nationalism focused on the promotion of one's own nation’s culture and interests over foreign influences.

African Americans

A racial or ethnic group in the United States with ancestry from the black racial groups of Africa, including descendants of enslaved people brought to the U.S.