Even when the Obama administration succeeded with its effort to gain Congressional approval for its stimulus proposals, it still took time for these policies to actually work. The time it took for these policies to work is known as:
A. inside lags.
B. outside lags.
C. automatic stabilization.
D. crowding out.
Answer: B
You might also like to view...
Refer to the scenario above. Which of the following statements is true about the model?
A) The model is not based on any assumption. B) The predictions of the model will hold for every individual. C) The model describes the economic payoff of more education. D) The model can be applied for maximum 10 years of additional education.
This figure shows the payoffs involved when Sarah and Joe work on a school project together for a single grade. They both will enjoy a higher grade when more effort is put into the project, but they also get pleasure from goofing off and not working on the project. The payoffs can be thought of as the utility each would get from the effort they individually put forth and the grade they jointly receive.According to the figure shown, if Sarah puts forth low effort, then Joe should:
A. put forth high effort. B. give an ultimatum. C. put forth low effort. D. leave the market.
Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________, 
A. Rising; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C
If a constant-cost, perfectly competitive industry experiences an increase in the demand for its product, we would expect
A) only the market price of the good to increase. B) both the market price and quantity supplied to increase. C) decreases in the market price, but increases in quantity supplied. D) only the quantity supplied of the product to increase.