The shortest of the three lags for monetary policy is
A) the impact lag.
B) the implementation lag.
C) the government lag.
D) the recognition lag.
Ans: B) the implementation lag.
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In the above figure, the initial supply of loanable funds curve is SLF0 and the initial demand for loanable funds curve is DLF0. An economic expansion that raises disposable income and the expected profit would
A) only shift the supply of loanable funds curve rightward to a curve such as SLF1. B) shift the supply of loanable funds curve rightward to a curve such as SLF1, and shift the demand for loanable funds curve rightward to a curve such as DLF1. C) only shift the demand for loanable funds curve rightward to a curve such as DLF1. D) have no effect on either the demand for loanable funds curve or the supply of loanable funds curve.
If adverse selection exists in a market
A) the government steps in and shuts it down. B) the market is considered a "grey market." C) consumers may not participate in the market at all. D) total surplus is maximized.
Certifying a used car through a brand dealership is one way to
A. credibly screen out lemons. B. credibly signal the car is not a lemon. C. unreliably screen out lemons. D. unreliably signal that the car is not a lemon.
A production possibilities curve is negatively sloped because: a. unemployment increases as an economy moves down along the curve
b. along the curve, production of one good must be sacrificed in order to increase production of another. c. unemployment decreases as an economy moves down along the curve. d. as the price falls, more goods are purchased.