Which of the following lags reduces the effectiveness of active policy?
a. Preliminary lag
b. Accounting lag
c. Self-correction lag
d. Recognition lag
e. Execution lag
d
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What factor changes the quantity of real GDP supplied and results in a movement along the AS curve?
What will be an ideal response?
The Federal Open Market Committee (FOMC)
A) has six members. B) conducts open market operations. C) is the policy-making body within the Treasury. D) is the governing body of the Federal Reserve System. E) a, b, and c
When people use anchoring and adjustment to estimate something, the adjustment they make when they receive new information is typically:
A. too large. B. in the wrong direction. C. highly accurate. D. too small.
Right now our national debt is
A. between $6 and $8 trillion. B. between $8 and $10 trillion. C. between $10 and $12 trillion. D. over $12 trillion.