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Refer to the Information Provided in Figure 14

Question 1

Multiple Choice

Refer to the information provided in Figure 14.1 below to answer the questions that follow. Refer to the information provided in Figure 14.1 below to answer the questions that follow. Figure 14.1 -Refer to Figure 14.1. Suppose it takes policy makers from time t<sub>4</sub> to time t<sub>7</sub> to take an action to stimulate the economy. This is an example of A) implementation lag. B) recognition lag. C) cyclical lag. D) response lag. Figure 14.1
-Refer to Figure 14.1. Suppose it takes policy makers from time t4 to time t7 to take an action to stimulate the economy. This is an example of


A) implementation lag.
B) recognition lag.
C) cyclical lag.
D) response lag.

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