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max2010maxim [7]
3 years ago
6

The operational lag of fiscal policy refers to the time that elapses between the beginning of a recession or inflation and the c

ertain awareness that it is actually happening.
True / False.
Social Studies
1 answer:
dangina [55]3 years ago
8 0

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.

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Mention the importance of energy. Differentiate between renewable and non-renewable energy sources.
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Answer:

d. all of the above

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The above methods of arbitration :peer review, arbitration, mediation all allow the dispute parties' input before arbitration decision. Peer review method involves dispute resolution in the workplace whereby employees are able to take disputes to fellow employees and managers to act as arbitrator to resolve disputes which may not be binding on the parties. Mediation on another hand is a dynamic method of dispute resolution where a third party helps to resolve disputes by helping dispute parties negotiate to resolve to dispute. Arbitration however differs from mediation in that the arbitrator makes decisions based on evidence presented and not waiting to negotiate an agreement between both parties. All three methods however require dispute parties to make inputs so as to arrive on final decision.

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