It Is Difficult to Determine When the Economy Is Turning

question 102

Multiple Choice

It is difficult to determine when the economy is turning up or down.This is because there is ___________ that delays the effects of changes in fiscal policy.

• A) a time lag
• B) an implementation lag
• C) an impact lag
• D) a countercyclical lag
• E) an automatic lag

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Definitions:

Persuasion

The process by which one person tries to change the belief, opinion, position, or course of action of another person through argument, pleading, or explanation.

Nonverbal Communication

The process of conveying a message without the use of words, which can include gestures, body language, facial expressions, and other visual cues.

Causal Analysis

The process of identifying and evaluating the factors that cause or contribute to a specific outcome or condition.

Attribution

The process of explaining one’s own behavior and the behavior of others.