Pearson eText Economics of Money, Banking and Financial Markets, The, Business School Edition -- Instant Access (Pearson+)
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Chapter 24, Problem 2LO
To determine

To Identify and Explain:

The lags in the policy process and their weakening effect on the activist policy approach.

Concept Introduction:

Policy Lags: The gap that exists between understanding the problem, ascertaining its severity or decision making and its implementation.

Activist Policy Approach: Monetary and fiscal policies that depend on the active participation of the government and the central bank in the national economy to fulfil their objectives.

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