Answer:
FALSE
Explanation:
The operational lag of fiscal policy is the time gap between the adoption of a corrective measure and the perception of its effects on the economy. For example, in a recessionary context, analysts and the Fed have no difficulty predicting the economic problem, as there are statistical software and predictive models that can predict recessive economic scenarios. However, through economic policies, the government takes steps to reverse the recessive picture. By their nature, these policies demand a time between their adoption and their effect on the economy, which is operational lag.
The author means by the phrase that People were able to choose who would lead their governments.
Explanation:
In the 20th century there were a lot of new nations that were formed out of old imperialistic colonies and most of them adopted, or ended up adopting a democratic system of governance where the people have the right to choose who would govern over them and the positions are rotating.
This is something that could be called to have given greater ability for the people to govern their own lives and the author has teemed the century thus as the century where the [power went to the people.
The first option, colonial elites representing the colonies
The research must pose no more than minimal risk.
