Asked by
Kathy Mellivo
on Oct 13, 2024Verified
The impact lag of the economic stimulus package passed in February 2009 was exceeding long due to the fact that by the end of 2009 only ____________ had entered the economy.
A) one fourth
B) one third
C) one half
D) three fourths
Impact Lag
The time it takes for the effects of economic policies or decisions to be observed in the economy.
Economic Stimulus
Government policy or monetary intervention aimed at promoting economic growth or preventing or reversing a recession by boosting spending and investment.
- Comprehend the different delays involved in the execution of fiscal policy, including recognition, decision, and impact phases.
Verified Answer
KP
Learning Objectives
- Comprehend the different delays involved in the execution of fiscal policy, including recognition, decision, and impact phases.
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