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Business
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Internal lag is how long it takes for the government to realize that there is a problem and come up with a solution. If it takes the policy makers a year into a recession to acknowledge there is a problem, you have an entire year of losses to make up for.
Outside lag is how long it takes for the implemented changes to affect the economy...
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Internal lag is how long it takes for the government to realize that there is a problem and come up with a solution. If it takes the policy makers a year into a recession to acknowledge there is a problem, you have an entire year of losses to make up for.
Outside lag is how long it takes for the implemented changes to affect the economy...
Essay fragment
General points of the essay
Government Policy and How Economy is Affected
Imagine that you were called in by the government to advice on how it should use macroeconomic policy to manage the cyclical fluctuations in the economy. What advice would you give and how would you justify the advice?
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