For each of the following cases, identify the type of lag involved. a. Although changes in policy

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For each of the following cases, identify the type of lag involved.
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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Macroeconomics

ISBN: 9780132109994

1st Edition

Authors: Glenn Hubbard, Anthony Patrick O'Brien, Matthew P Rafferty

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