-Use the graph above to explain what will happen if an expansionary policy that should have begun to take effect at point A does not actually begin to have an impact until point D, when the economy is already on an upswing.
Definitions:
Received
The action of obtaining or accepting something, such as goods, payments, or services.
Fiscal Year
A one-year period that companies and governments use for financial reporting and budgeting that does not necessarily align with the calendar year.
Transactions
The exchange or transfer of goods, services, or funds between two or more parties.
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