Business, 01.12.2021 03:40 katherinelondon4002

Classify each scenario according to the type of policy lag it illustrates. i. recognition lag
ii. implementation lag
iii. impact lag
a. Economists determine that unemployment has skyrocketed several months after it began to rise.
b. Congress approves a $100 million spending package, but officials need six months to determine which projects to finance.
c. A bill proposing a tax cut is held up in Congress by a filibuster.
d. Congress passes an immediate tax cut for all citizens, but it is another 24 months before GDP starts to climb once again. e. The economy trends downward for two months, but economists are not sure if this signals the start of a recession.
f. Government spending is cut by $100 billion, but inflation persists for another 12 months.

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Classify each scenario according to the type of policy lag it illustrates. i. recognition lag

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