Multiple Choice
Suppose the economy is experiencing a significant recessionary gap,but it has taken the government six months to determine that it will change fiscal policy.This is an example of
A) an execution lag.
B) fine tuning.
C) gross tuning.
D) a decision lag.
E) automatic fiscal stabilizers.
Correct Answer:
Verified
Correct Answer:
Verified
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Q9: The diagram below shows an AD/AS model
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