Assume that because of a long policy lag, the Fed starts implementing expansionary monetary policy too late, i. e., at a time when the economy is already healing itself. As a result, the economy will probably move from an initial .

Recessionary gap to an inflationary gap

Explanation:

Recessionary gap is a macroeconomic term which explains an economy operating at a level lower than the full employment equilibrium.

Inflationary gap is a macroeconomic concept that explains the difference between the current level of real gross domestic product (GDP) and the expected GDP that would be experienced if an economy is at full employment.

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for example develop your sense of humor.

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explanation: because you need to reduce the pollution on land,the exhaust fumes will stop,and stop it in water,the oil that is in the oceanharms the fish   sorry if you   have been waiting long