The amount of time it takes Congress to debate the size of a tax cut is known as the
A) recognition time lag. B) action time lag.
C) effect time lag. D) Ricardian-equivalence time lag.
B
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When the exchange rises, then the
A) AD curve shifts rightward. B) AD curve shifts leftward. C) LAS curve shifts rightward. D) LAS curve shifts leftward.
Disadvantages faced by the South in fighting the Civil War include
a. an inadequate supply of free, military-aged males. b. limited industrial capacity. c. shortages of horses and mules. d. the lack of an effective administrative machinery for tax collection. e. All of the above.
Which of the following would be part of the Thai demand for U.S. dollars?
a. A Thai street seller trying to sell a shirt to an American tourist b. A Thai bank selling dollars it possesses in exchange for euros c. An American exchanging dollars for Thai bahts that she will spend on her next vacation to Bangkok d. A Thai export company selling its products in the American markets e. A Thai importer who wants to buy a Caterpillar tractor
Economic models are often expressed in
a. equations. b. words. c. graphs. d. physical objects..