The interval between the recognition of a need for a policy change and when the policy change is instituted is called the:
a. recognition lag.
b. impact lag.
c. policy lag.
d. administrative lag.
D
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If the price of a complementary good decreases, demand for the original good will decrease
Indicate whether the statement is true or false
A new law passed in Bonland requires all bikers to wear helmets while riding. It also states that those who do not wear helmets while riding will be punished. This law is likely to lead to a(n) ________
A) decrease in government expenditure B) increase in government expenditure C) decrease in tax rates D) increase in the overall price level
As the ________ interest rate increases, the quantity of loanable funds demanded ________
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A) They will shift the aggregate demand curve to the left. B) They will shift the aggregate demand curve to the right. C) They will move the economy up along a stationary aggregate demand curve. D) They will move the economy down along a stationary aggregate demand curve.