Well I mean, as most people would do, king George got angry and sent more troops to fight them.
<span>A boycott is a lawsuit created in response to a minority not agreeing to a particular action taken by someone else. There are many types of different boycott incidents as perhaps employers going on a strike or a community not agreeing with a project to be completed in their neighborhood.</span>
The time it takes for monetary or fiscal policy to become effective is the outside lag. The correct option among all the options that are given in the question is the first option or option "A". For a policy to show its magic, it requires a certain amount of time. This time is the outside lag and it is not possible to avoid this lag.
Answer:
C. Substitution effect
Explanation:
The substitution effect is the change a consumer makes from one good to another when either of them changes in price. The relationship happens with the so-called substitute goods. These goods have similarities with each other, “competing” in some way for consumer preference. That is, when a good becomes more expensive, the consumer may consider that it is no longer worth buying it. Therefore, it migrates its consumption to a cheaper substitute good. Based on this concept, we can conclude that the substitution effect explains why the idea of Al may not work.
