If someone told you, policymakers couldnt vote themselves out of a phone booth, what type of policy

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If someone told you, “policymakers couldn’t vote themselves out of a phone booth,” what type of policy lag is he or she referring to?

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The Economics of Money Banking and Financial Markets

ISBN: 978-0321785701

5th Canadian edition

Authors: Frederic S. Mishkin, Apostolos Serletis

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