Time lags
What will be an ideal response?
the time that elapses between
the formulation of an economic policy and its actual effects on the econom
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The marginal product of labor is the additional:
A. output produced by one more worker. B. wage paid for an additional worker employed. C. wage paid for an additional hour of work. D. labor employed to produce one more unit of output.
When government expenditures are greater than tax revenues
A) there will be budget surplus. B) the public debt will be reduced. C) there will be budget deficit. D) automatic stabilizers do not kick in.
A household increases its wealth by
A) increasing its capital consumption. B) making sure that its net investment exceeds its gross investment. C) saving. D) spending more on consumption goods. E) decreasing its depreciation.
Federal housing policies have substantially reduced the established patterns of housing segregation
Indicate whether the statement is true or false