The ________ Lag for Fiscal Policy Requires Changes in Congressional-Approved

question 199

Multiple Choice

The ________ lag for fiscal policy requires changes in congressional-approved spending and tax programs.

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

---

Definitions:

Eurodollars

Deposits denominated in U.S. dollars at banks outside the United States, thus not subject to U.S. banking regulations.

Dollar-denominated Deposits

Bank deposits made in U.S. dollars rather than the local currency, often used in international trade or by investors seeking currency stability.

European Banks

Financial institutions based in Europe, playing significant roles in the European and global economy through various banking services.

Money Market

Includes short-term, highly liquid, and relatively low-risk debt instruments.