The Delay Between the Date a Policy Change Is Implemented

question 52

Multiple Choice

The delay between the date a policy change is implemented and the date when most of its effects have occurred in the economy is called the:

• A)recessionary gap.
• B)expansionary gap.
• C)outside lag.
• D)inside lag.

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Definitions:

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Normal Retirement Age

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is the process of breaking down jobs into their simplest components and removing unnecessary complexity to increase efficiency and ease in performance.

Positive Discipline

A method of teaching and guiding individuals, particularly children, which focuses on positive points of behavior rather than punishment.