A recent example of the administrative lag came in the form of it taking
A) several months in 2003 for Congress to agree on a specific tax cut package even after they had agreed on having one.
B) only a month or two from the passage of the 2003 tax cut to the issuance to rebate checks.
C) until Summer 2003 to recognize that the recession of 2001 ended in December of 2001.
D) very little time for the effects of the 2003 rebate checks to have an effect on the economy.
Correct Answer:
Verified
Q20: Short-run contractionary Fiscal Policy would result in
A)aggregate
Q21: A recent example of the recognition lag
Q22: Which of the following would qualify as
Q23: In terms of timing, the 2003 tax
Q24: Which of the following would be described
Q26: A political problem with discretionary fiscal policy
Q27: The tax cuts included in President Obama's
Q28: The mistiming problem with discretionary fiscal policy
Q29: Generally speaking the last two years of
Q30: The 2003 tax rebate is an example
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents