When it takes time for the president and Congress to change fiscal policy to act on economic data, we have a(n)
A) aggregate time lag.
B) action time lag.
C) recognition time lag.
D) effect time lag.
B
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The debts one owes are called:
A. liability. B. capital loss. C. asset. D. investment.
When economists say that the demand for labor is a derived demand, they mean that it is
A. related to the demand for the product or service labor is producing. B. based on the assumption that workers are trying to maximize their money incomes. C. dependent on government expenditures for public goods and services. D. based on the desire of businesses to exploit labor by paying below equilibrium wage rates.
La Bella Pizza is the only pizza place on Pepper Island. The figure above shows La Bella Pizza's demand curve, marginal revenue curve, and marginal cost curve. At La Bella Pizza's profit-maximizing output, its annual total revenue is
A) $168,000. B) $312,000. C) $336,000. D) $624,000.
The text lists all of the following as outcomes of McDonald's experimental adoption of remote order taking except:
A) a decrease in accuracy in filling orders. B) increased speed at the drive through window. C) an increase in the costs associated with the drive-through portion of McDonald's business. D) employee dissatisfaction with constant monitoring and the stress of the process.