For each of the following cases, identify the type of lag involved. a. Although changes in policy
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a. Although changes in policy have taken place, it takes time for businesses and consumers to react to these changes.
b. Data on GDP growth during a quarter is published months after the quarter has ended and is repeatedly revised.
c. In order to change monetary policy, a meeting of the FOMC must usually take place.
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Related Book For
Macroeconomics
ISBN: 9780132109994
1st Edition
Authors: Glenn Hubbard, Anthony Patrick O'Brien, Matthew P Rafferty
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