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Suppose it takes policy makers from time t 4 to time t 7 to take an action to stimulate the economy. This is an example

Suppose it takes policy makers from time

t_{4}

to time

t_{7}

to take an action to stimulate the economy. This is an example of A

.

recognition lag. B

.

implementation lag C

.

cyclical lag. D

.

response lag.

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