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Answer the question on the basis of the following sequence of events involving fiscal policy:
(1) The composite index of leading indicators turns downward for three consecutive months,suggesting the possibility of a recession.
(2) Economists reach agreement that the economy is moving into a recession.
(3) A tax cut is proposed in Congress.
(4) The tax cut is passed by Congress and signed by the president.
(5) Consumption spending begins to rise,aggregate demand increases,and the economy begins to recover. Refer to the information.The operational lag of fiscal policy is reflected in event(s) :
Job Candidate
An individual who applies for a specific job position and is considered by an employer for employment based on their qualifications and experience.
Solicited Application Letter
A letter sent in application for a position that has been advertised or specifically requested by the employer.
Core Job Duties
The essential responsibilities and tasks that an employee is expected to perform in their role.
Salary Requirements
The compensation or wage level an individual expects or requests for a job, often shared during job applications or negotiations.
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