The shortest lag monetary policy faces is

A) data.
B) recognition.
C) transmission.
D) legislative.


C

Economics

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Fears that the Munn v Illinois (1877) doctrine would result in excessive government control over businesses were not realized, for it actually had the effect of retarding government regulation

Indicate whether the statement is true or false

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Monopolistic competition differs from perfect competition only with regard to the number of firms participating in the market

a. True b. False Indicate whether the statement is true or false

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Many economists argue that the labor market may take a long time for wages to adjust to new equilibrium level

Indicate whether the statement is true or false

Economics

Suppose the total monetary value of all final goods and services produced in a particular country in 2010 is $500 billion and the total monetary value of final goods and services sold is $450 billion. We can conclude that:

a) GDP in 2010 is $450 billion. b) NDP in 2010 is $450 billion. c) GDP in 2010 is $500 billion. d) inventories in 2010 fell by $50 billion.

Economics