The delay between the time at which an event occurs and the time at which policymakers become aware of it is called
A) the impact lag.
B) the implementation lag.
C) the government lag.
D) the recognition lag.
Ans: D) the recognition lag.
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According to the Thomas (1954) analysis, American investment in industrial physical capital was
(a) labor-using in upswings of immigration. (b) labor-saving in upswings of immigration. (c) "labor neutral" over the course of immigration. (d) relentlessly labor-saving no matter what.
(I) Rational expectations adherents believe that decision makers base their future expectations on actual outcomes observed during recent periods. (II) The adaptive expectations hypothesis states that decision makers weigh all available evidence when forming expectations about future economic events
a. I is true; II is false. b. I is false; II is true. c. Both I and II are true. d. Both I and II are false.
What are the characteristics of monopolistic competition?
What will be an ideal response?
Refer to Scenario 19.1 below to answer the question(s) that follow. SCENARIO 19.1: An individual earning $60,000 pays $12,000 in taxes. The marginal tax rate on any income earned above $60,000 is 25%. Refer to Scenario 19.1. When this person earns $70,000, her tax payment would be
A. $2,500. B. $14,500. C. $17,500. D. indeterminate from this information.