The Operational Lag of Fiscal Policy Refers to the Time

question 180

True/False

The operational lag of fiscal policy refers to the time which elapses between the beginning of a recession or inflation and the certain awareness that it is actually happening.

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Definitions:

Mount Rushmore

A monumental granite sculpture located in South Dakota, USA, featuring the 60-foot faces of four significant US presidents.

House of Representatives

A legislative body in many countries, part of the national parliament or congress, where members are typically elected directly by the people.

Senate

A legislative or governing body, often part of a bicameral parliament, that represents states, regions, or constituencies and participates in creating laws.

Water-Soluble Paint

Paint that can be dissolved, thinned, or cleaned up with water, rather than requiring chemicals or solvents.