Fiscal policy can take much longer to act than monetary policy given there are lags that can occur in the process. The time that it takes to determine whether or not a recession has occurred is referred to as the a. recognition lag. b. legislative lag. c. implementation lag. d. structural lag.
Fiscal policy can take much longer to act than monetary policy given there are lags that can occur in the process. The time that it takes to determine whether or not a recession has occurred is referred to as the a. recognition lag. b. legislative lag. c. implementation lag. d. structural lag.
Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter12: Fiscal Policy, Incentives, And Secondary Effects
Section: Chapter Questions
Problem 13CQ
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Fiscal policy can take much longer to act than
a. recognition lag.
b. legislative lag.
c. implementation lag.
d. structural lag.
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