Q
The response lag of stabilization policy represents ?
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A
A. The time that it takes for policy makers to recognize the existence of boom of bust
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B
B. The time needed for parliament to agree to a tax cut.
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C
C. The time that is necessary to put the desired policy into effect
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D
D. The time that it takes for the economy to adjust to the new conditions after a new policy has been implemented
Correct Answer:
D. D. The time that it takes for the economy to adjust to the new conditions after a new policy has been implemented
