(Solved by Humans)-Lags and fiscal policy Which of the following scenarios is an

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Lags and fiscal policy

Which of the following scenarios is an example of a data lag? Choose one.

A. The economy enters a deep recession and Congress passes spending on public works that will take years to plan for and build.

B. The economy enters a deep recession, and Congress takes two months to approve an extensive tax cut bill.

C. The economy enters a deep recession on the same day that new quarterly data show positive economic growth.

Which of the following scenarios is an example of a legislative lag? Choose one.

A. A new law requires that all new spending bills go through at least one month of debate before receiving a congressional vote.

B. Policymakers obtain relevant economic data months after a recession has already begun.

C. In response to a recession, Congress passes a spending bill for interstate highway upgrades that will take years to plan and complete.