Which type of lag is based on the time needed to identify a macroeconomic problem and assess its seriousness?
a. Recognition Lag
b. Decision-Making Lag
c. Implementation Lag
d. Effectiveness Lag
a
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Which of the following is most likely to occur in the labor market during a recession?
A. The growth rate of real wages declines. B. New entrants to the labor market have an easier time finding jobs. C. Bonuses and promotions become more frequent. D. The supply of labor increases dramatically.
Refer to Scenario 5.8. Given that the two outcomes are equally likely, Icarus Airlines' expected profit under complete information would be
A) $40 million. B) $90 million. C) $115 million. D) $120 million. E) $125 million.
Use the above figure. A rightward shift of the demand curve, ceteris paribus, would result in
A) dollar depreciation. B) dollar appreciation. C) euro depreciation. D) reducing the equilibrium quantity of euros.
Which of the following events is likely to reduce the demand for on-campus student housing?
a. a rise in rents for off-campus housing b. more students enrolling at the university c. it becomes less fashionable to live "on campus" d. a rise in dorm fees e. a rise in the incomes of students