The Time It Takes Congress to Propose and Pass a Plan

question 15

Multiple Choice

The time it takes Congress to propose and pass a plan for fiscal policy is called the:

• A) recognition lag.
• B) legislative lag.
• C) effectiveness lag.
• D) adjustment lag.

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Definitions:

Breach of Contract

Failure by one or more parties to fulfill the obligations stipulated in a contract.

Manufacturing Process

The series of actions or steps taken to produce a finished product from raw materials.

Minimizes Loss

A strategy or approach aimed at reducing the impact or severity of potential financial losses in various contexts.

Objective

In legal and business terms, it refers to the external, observable aspects of something as distinct from internal thoughts or feelings.