One timing problem in using fiscal policy to counter a recession is the "recognition 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
A. Start of the recession and the time it takes to recognize that the recession has started
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The investment component of GDP includes
a. residential construction investment. b. inventory investment. c. business fixed investment. d. Both b and c e. All of the above
This table shows the price-level adjustment as compared to the United States. CountryPrice-Level AdjustmentAustralia-0.50China0.25Mexico0.34United States0.00According to the information in the table shown, if someone were earning $50,000 in Australia, approximately what would she need to earn in the United States to enjoy the same standard of living?
A. $75,000 B. $25,000 C. $33,333 D. $37,500
When a telemarketer calls you about a service, this is an example of
A. indirect marketing. B. scam marketing. C. direct marketing. D. persuasive marketing.
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The marginal rate of transformation in moving from Point A to Point B is
A. -2/3. B. -1.5. C. -3. D. -30.