One of the Lags Associated with Fiscal Policy Is the Time

question 221

True/False

One of the lags associated with fiscal policy is the time it takes to recognize that the economy has developed a recessionary or inflationary gap.

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Definitions:

Biopsy

A medical test involving the extraction of sample cells or tissues for examination to determine the presence or extent of a disease.

Pustule

A small, inflamed, pus-filled blister on the skin, often indicating an infection.

Intradermal

Pertaining to within the layers of the skin.

Tine

A prong or sharp point, such as those on a fork or antler.