In Most Nations,one or More Governing Bodies Must Approve Government

question 143

Multiple Choice

In most nations,one or more governing bodies must approve government spending or new tax policies.This causes ___________ between setting fiscal policy and seeing its effects.

• A) a recognition lag
• B) an implementation lag
• C) an impact lag
• D) a countercyclical lag
• E) an automatic lag

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Definitions:

Ethical Issues

Moral challenges and dilemmas that arise in the context of professional and personal conduct.

Scanlon Plan

An incentive plan designed to encourage cooperation, involvement, and sharing of benefits among employees through improved performance and productivity.

Gainsharing

Group incentive program that measures improvements in productivity and effectiveness objectives and distributes a portion of each gain to employees.