QuestionJuly 19, 2025

An impact lag happens because it takes time for the effects of monetary and fiscal policy to materialize. in most nations, one or more governing bodies must approve government spending or new tax policies. the effects of recessions are felt sooner than the effects of expansions. the effects of recessions are felt sooner than the effects of expansions. it is difficult to determine when the economy is turning up or down.

An impact lag happens because it takes time for the effects of monetary and fiscal policy to materialize. in most nations, one or more governing bodies must approve government spending or new tax policies. the effects of recessions are felt sooner than the effects of expansions. the effects of recessions are felt sooner than the effects of expansions. it is difficult to determine when the economy is turning up or down.
An impact lag happens because
it takes time for the effects of monetary and fiscal policy to materialize.
in most nations, one or more governing bodies must approve government
spending or new tax policies.
the effects of recessions are felt sooner than the effects of expansions.
the effects of recessions are felt sooner than the effects of expansions.
it is difficult to determine when the economy is turning up or down.

Solution
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Answer

It takes time for the effects of monetary and fiscal policy to materialize. Explanation 1. Identify the cause of impact lag Impact lag occurs because it takes time for the effects of monetary and fiscal policy to materialize.

Explanation

1. Identify the cause of impact lag<br /> Impact lag occurs because it takes time for the effects of monetary and fiscal policy to materialize.
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