Which of the following scenarios is an example of a legislative lag? The economy enters a...
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Which of the following scenarios is an example of a legislative lag? The economy enters a deep recession and Congress passes spending on public works that will take years to plan for and build. The economy enters a deep recession, and Congress takes two months to approve an extensive tax cut bill. The economy enters a deep recession on the same day that new quarterly data show positive economic growth. Which of the following scenarios is an example of a transmission lag? In response to a recession, Congress passes a spending bill for interstate highway upgrades that will take years to plan and complete. A new law requires that all new spending bills go through at least one month of debate before receiving a congressional vote. Policymakers obtain relevant economic data months after a recession has already begun. Which of the following scenarios is an example of a legislative lag? The economy enters a deep recession and Congress passes spending on public works that will take years to plan for and build. The economy enters a deep recession, and Congress takes two months to approve an extensive tax cut bill. The economy enters a deep recession on the same day that new quarterly data show positive economic growth. Which of the following scenarios is an example of a transmission lag? In response to a recession, Congress passes a spending bill for interstate highway upgrades that will take years to plan and complete. A new law requires that all new spending bills go through at least one month of debate before receiving a congressional vote. Policymakers obtain relevant economic data months after a recession has already begun.
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1 Correct option a The economy is in deep recession and congress takes 2 months to appr... View the full answer
Related Book For
Taxes and Business Strategy A Planning Approach
ISBN: 9780132752671
5th edition
Authors: Myron Scholes, Mark Wolfson, Merle Erickson, Michelle Hanlon
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