The process of deciding on and passing fiscal policy legislation creates:
A. an information lag.
B. a formulation lag.
C. an implementation lag.
D. a direction lag.
B. a formulation lag.
You might also like to view...
A recession is most commonly caused by:
a. an increase in aggregate demand. b. a decrease in aggregate demand. c. an increase in aggregate supply. d. a decrease in aggregate supply.
An efficient allocation of resources requires each product's price to equal its marginal cost
a. True b. False Indicate whether the statement is true or false
Compare and contrast the U.S. economic record prior to 1940 and after 1950 . How do the two time periods differ? What best explains the differences according to a macroeconomist?
If a tax is imposed on the buyers of a product, then the tax burden will fall entirely on the buyers
a. True b. False Indicate whether the statement is true or false