What Are Lawmaking Lags? What Effect Do They Have on the Use

question 143

Essay

What are lawmaking lags? What effect do they have on the use of discretionary fiscal policy?

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Definitions:

Change People

The act of influencing or causing individuals to modify their behaviors, attitudes, or beliefs.

High Need for Achievement

A personal characteristic that denotes a strong desire to perform challenging tasks well and meet personal standards for excellence.

Moderately Difficult

Describes a task or challenge that requires substantial effort or skill but is not so hard that it becomes overwhelming or unachievable.

External Events

Occurrences outside an organization that might impact its operations, strategy, or performance, such as economic changes, natural disasters, or regulatory shifts.