In the United States, many observers have commentedin recent years on the “political gridlock in WashingtonD.C.” and referred to Congress as a “Do NothingCongress.” What type of policy lag is this describing?

In the United States, many observers have commentedin recent years on the “political gridlock in WashingtonD.C.” and referred to Congress as a “Do NothingCongress.” What type of policy lag is this describing?

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter17: The Trade-off Between Inflation And Unemploy

Section: Chapter Questions

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In the United States, many observers have commented
in recent years on the “political gridlock in Washington
D.C.” and referred to Congress as a “Do Nothing
Congress.” What type of policy lag is this describing?

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