Solution: Choose the term that best fits the definition. On separate paper, write the
Chapter 15, Problem 7(choose chapter or problem)
Choose the term that best fits the definition. On separate paper, write the letter of the answer._____ 7. The time needed to execute a change in government policya. annually balanced budget b. automatic stabilizers c. classical economists d. crowding in e. crowding out f. decision-making lag g. discretionary fiscal policy h. effectiveness lag i. implementation lag j. multiplier effect k. natural rate of unemployment l. potential output m. recognition lag
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