Refer to the information provided in Figure 29.1 below to answer the question(s) that follow. Figure 29.1
-Refer to Figure 29.1. If policy makers decide to on a policy at Point t5 but it does not affect the economy until period t7, then the policy choice is likely to be
A) ineffective.
B) optimal.
C) inappropriate.
D) none of the above.
Correct Answer:
Verified
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