Which of the following lags makes stabilization policy more problematic?
a. expenditure lags
b. recognition lags
c. policy lags
d. All of the above.
d
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________ increases potential GDP
A) A decrease in the money wage rate B) A recessionary gap C) A recession D) An increase in the amount of human capital E) An increase in aggregate demand
Describe the effect education and training have on outcomes in the labor market
What will be an ideal response?
Consider the market for gasoline in a moderately large city. All else constant, it would be reasonable to conclude that the price elasticity demand for any individual gas station would be higher (more elastic) than the price elasticity of demand for
gas in general. Indicate whether the statement is true or false
A firm will practice price discrimination when it believes that by doing so it will be able to increase total
A. profits. B. sales. C. revenue. D. production.