Multiple Choice
An impact lag happens because
A) the impacts of recessions are felt sooner than the impacts of expansions.
B) it is difficult to determine when the economy is turning up or down.
C) in most nations,one or more governing bodies must approve government spending or new tax policies.
D) it takes time for the complete effects of monetary and fiscal policy to materialize.
Correct Answer:
Verified
Correct Answer:
Verified
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