An Impact Lag Refers to the Time Required To

question 37

Multiple Choice

An impact lag refers to the time required to:

• A)gather enough data to indicate the beginning of an economic downturn.
• B)bring about an actual fiscal stimulus desired.
• C)analyze the importance of a stable policy tool.
• D)identify an appropriate policy and get it approved by Congress.
• E)determine an appropriate policy during an economic downturn.

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Definitions:

Business

An organization or enterprising entity engaged in commercial, industrial, or professional activities.

Negotiation

A process where two or more parties discuss an issue in an attempt to reach a consensus or an agreement.

Social Contract

A theoretical agreement between the members of a society or between a society and its rulers about the rights and duties of each.

Unavoidable Tactic

A strategy so essential to a situation that avoiding it could significantly impact the outcome.