Fill in the blanks to complete the passage about the time lags of fiscal policy. Drag word(s) below to fill in the blank(s) in the passage. variations that accompany the The purpose of fiscal policy is to However, it is sometimes difficult to identify what type of variation the economy is experiencing due to the lack of real-time data; this is known as Secondly, the process of approval by the governing body Lastly, it requires time for the policy to take effect in the economy; this is called causes recognition lag shock lag acknowledging lag smooth out impact lag business cycle continue implementation lag + +

Fill in the blanks to complete the passage about the time lags of fiscal policy. Drag word(s) below to fill in the blank(s) in the passage. variations that accompany the The purpose of fiscal policy is to However, it is sometimes difficult to identify what type of variation the economy is experiencing due to the lack of real-time data; this is known as Secondly, the process of approval by the governing body Lastly, it requires time for the policy to take effect in the economy; this is called causes recognition lag shock lag acknowledging lag smooth out impact lag business cycle continue implementation lag + +

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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