

MCQOPTIONS
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1. |
The response lag of stabilization policy represents ? |
A. | the time that it takes for policy makers to recognize the existence of boom of bust |
B. | the time needed for parliament to agree to a tax cut. |
C. | the time that is necessary to put the desired policy into effect |
D. | the time that it takes for the economy to adjust to the new conditions after a new policy has been implemented |
Answer» E. | |