Refer to the Information Provided in Figure 14

question 85

Multiple Choice

Refer to the information provided in Figure 14.1 below to answer the questions that follow. Figure 14.1
-Refer to Figure 14.1. If policy makers take an action at time t₂, the impact on the economy will not be at time t₂ because

• A) economic policies are ineffective.
• B) of the response lag.
• C) of the implementation lag.
• D) of the recognition lag.

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