In General, Fiscal Policy Has a Longer ________ Lag Than

question 147

Multiple Choice

In general, fiscal policy has a longer ________ lag than monetary policy but shorter ________ lag.

• A) recognition; response
• B) implementation; recognition
• C) implementation; response
• D) response; implementation

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Definitions:

Pharynx

A muscular tube that functions as the part of the digestive and respiratory systems by carrying air from the nose to the larynx and food from the mouth to the esophagus.

Salivary Gland

Glands located in the mouth that produce saliva, which aids in digestion and keeps the mouth moist.

Muscularis Externa

The layer of muscle in the gastrointestinal tract located outside the submucosa, responsible for the movements of peristalsis and segmentation.

Hepatopancreatic Duct

A duct that carries bile from the liver and pancreatic juice from the pancreas into the duodenum.