One timing problem in using fiscal policy to counter a recession is the "operational lag" that occurs between the:
A. Start of the recession and the time it takes to recognize that the recession has started
B. Start of a predicted recession and the actual start of the recession
C. Time fiscal action is taken and the time that the action has its effect on the economy
D. Time the need for the fiscal action is recognized and the time that the action is taken
C. Time fiscal action is taken and the time that the action has its effect on the economy
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Demand-pull inflationary pressure increases as the economy approaches full employment
a. True b. False Indicate whether the statement is true or false
Countries that enjoy long distance flows of goods, capital, and services as well as information and perceptions that accompany market exchanges would be categorized under _____ globalization
a. ethical b. cultural c. social d. economic e. political
Which of the following is an example of economies of scale?
A. To attract firms to locate in its state, the state government reduced the tax rate that businesses must pay on its profits, thus lowering the costs to firms who locate in the state. B. As the computer industry has expanded, the number of professionally trained computer programmers has also increased, which has caused the salaries of computer programmers to increase. C. A firm increases in size and is therefore able to lower its health insurance costs because as the size of the group insured increases, the premium per person decreases substantially. D. As the demand for calculators increased, the price of calculators actually fell.
In 2014, children under 18 were ________ percent of the general population but ________ percent of those who are poor.
A. 38.2; 52.3 B. 15.2; 52.3 C. 23.3; 33.3 D. 15.2; 43.8