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What are the three types of lags faced by the government

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1. What are the three types of lags faced by the government when it comes to implementing a stabilization policy (fiscal and/or monetary)? List and explain.

2. Identify what type of unemployment will result from the following scenarios

i. Jane has completed college and quit her job at Tim Horton so she can work full-time in her marketing field:

ii. The clothing store George used to work for was shut down as the clothing brand is now selling all its collection through its online website

iii. The business Hank was working for had to shut down as there has been a decrease in overall demand in the economy

iv. A real estate agent is laid off due to slow business after housing sales fall.

v. An automotive worker is replaced by robotic equipment on the assembly line.

vi. A salesperson quits a job in Ontario and seeks a new career after moving to Alberta.

vii. An employee is fired for poor job performance and searches the want ads each day for work.

Reference no: EM132631553

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