Which of the Following Are Lags That Fiscal Policy Makers

question 233

Multiple Choice

Which of the following are lags that fiscal policy makers must cope with?

• A) Recognition time lags.
• B) Action time lags.
• C) Effect time lags.
• D) All of the above are correct.

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Definitions:

Producers

Organisms, mainly plants and algae, that can produce their own food through the process of photosynthesis, serving as the base of the food chain.

Reproduction

The process in biology where offspring are generated from their progenitors.

Generation

A group of individuals born and living around the same time, typically considered to be about 20–30 years.

Development

The process through which an organism grows or progresses, often involving physical, psychological, or social changes.