12. Of the following reasons why fine-tuning the economy is not likely to be successful, which one involves the difficulty of crafting and assembling a political consensus around a set of measures to counteract the economy's shift in direction? a) Recognition lag b) Policy lag c) Implementation lag d) Impact lag e) None of the above
12. Of the following reasons why fine-tuning the economy is not likely to be successful, which one involves the difficulty of crafting and assembling a political consensus around a set of measures to counteract the economy's shift in direction? a) Recognition lag b) Policy lag c) Implementation lag d) Impact lag e) None of the above
Chapter27: Issues In Macroeconomic Theory And Policy
Section: Chapter Questions
Problem 3P
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Question
12. Of the following reasons why fine-tuning the economy is not likely to be successful, which one involves the difficulty of crafting and assembling a political consensus around a set of measures to counteract the economy's shift in direction?
a) Recognition lag
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b) Policy lag
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||
c) Implementation lag
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||
d) Impact lag
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||
e) None of the above
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