A recognition lag is
A. the time it takes to see if that there has been a shock to the economy.
B. the time it takes the Fed or Congress to change economic policy.
C. the time it takes for a new economic policy to affect behavior in the economy.
D. none of the above.
Answer: A
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What kinds of risks can't be insured?
What will be an ideal response?
The demand curve is:
A. a downward-sloping line that reflects the inverse relationship between price and quantity. B. an upward-sloping line that reflects the inverse relationship between price and quantity. C. a downward-sloping line that reflects the positive relationship between price and quantity. D. an upward-sloping line that reflects the direct relationship between price and quantity.
When the housing bubble popped, the effect of the negative demand side shock and the negative supply side shock were the same on:
A. output, causing it to definitely decrease. B. prices, causing them to definitely rise. C. output, causing it to definitely increase. D. prices, causing them to definitely fall.
Financial markets do NOT include which of the following?
A. Government regulatory agencies B. Banks C. Stock markets D. Nonprofit organizations