Fiscal policy time lags tend to be
A) constant, always thirteen months long.
B) variable, between one and three years.
C) variable, between one and three weeks.
D) variable, between one and three months.
B
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The rate of unemployment when the economy is fully employed is called the
A. full-employment rate of unemployment. B. natural rate of unemployment. C. frictional rate of unemployment. D. structural rate of unemployment.
Explain the relationship between real GDP and potential GDP during the two phases of the business cycle
What will be an ideal response?
How do investment banks use the results of their research?
What will be an ideal response?
Recent research suggests that the federal minimum wage law
a. clearly causes significant unemployment. b. causes unemployment for teenagers. c. causes unemployment for high wage workers. d. may not cause much, if any, unemployment.