e l o.tp . Ciscowet, 525-F17>Assignments Chapter 13 Quiz Chapter 13 Quiz ECO+202

Question

e l o.tp . Ciscowet, 525-F17>Assignments Chapter 13 Quiz Chapter 13 Quiz ECO+2020425F17 Quiz: Chapter 13 Quiz Question: 1 pt 10 of 15 (15 complete) This Quic Label each of the lolowing scenanios in which thece are problems enacting and applying fecal policy as being an ecample of ether a ecogniion tia Destracted by a war that is going badly, infation eaches 8percent belone plicians take nolice aiotime lag or eflect sime lag This is a rocognition time lag A sadden necession is ecognized by politicians, but i takes nany monits of poltical deal making before a stmalus beal is fnaly approved Juhn Kennedy becane psident in 10 in the middle of a mid slow down of the economy He immediaily proposed a tax cut according to Keynesan scal polcy Hower theax cut was not enacted u 196 lip

Explanation / Answer

All options have been answered correctly apart from the last one:

Tax cut was enacted only in 1964, therefore, this is also an action lag (action/implementation was delayed even though the problem had been recognized)

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