What are the three types of monetary policy lags?
A) the recognition lag, the identification lag, and the implementation lag
B) the recognition lag, the inflation lag, and the impact lag
C) the recognition lag, the implementation lag, and the government lag
D) the recognition lag, the implementation lag, and the impact lag
Ans: D) the recognition lag, the implementation lag, and the impact lag
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If heavy federal borrowing pushes up real interest rates in the United States, which of the following will most likely result?
a. an inflow of capital and an appreciation in the foreign exchange value of the dollar b. an outflow of capital and a depreciation in the foreign exchange value of the dollar c. an inflow of capital and a depreciation in the foreign exchange value of the dollar d. an outflow of capital and an appreciation in the foreign exchange value of the dollar
Average total cost is very high when a small amount of output is produced because
a. average variable cost is high. b. average fixed cost is high. c. marginal cost is high. d. marginal product is high.
The economist credited with pioneering the "new growth theory" is
A) Milton Friedman. B) Jia-Tzu Weng. C) Paul Romer. D) Julian Simon.
With railroads, considerable regulatory energy was spent trying to solve the so-called ______________________.
Fill in the blank(s) with the appropriate word(s).