Pearson eText Economics of Money, Banking and Financial Markets, The, Business School Edition -- Instant Access (Pearson+)
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Chapter 24, Problem 11Q
To determine

To Explain:

The kind of policy lag that is described when observers talk about “political gridlock in Washington D.C.” and “Do Nothing Congress”.

Concept introduction:

Policy Lag: The time difference that takes place with the onset of an economic problem and its resolution through policy is known as policy lag.

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