Which of the following are time lags that fiscal policymakers must cope with?
A. effect lags
B. recognition lags
C. action lags
D. all of these
Answer: D
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The ________ model focuses on the relationship between total spending and real GDP in the short run, assuming the price level is constant
A) supply and demand B) national income C) business cycle D) aggregate expenditure
A demand curve shows the relationship between price and quantity demanded only so long as all other things are held constant
a. True b. False Indicate whether the statement is true or false
Human capital is a term that characterizes
A. firms that sell their products to customers directly. B. individuals with a set of skills that they rent to employers. C. individuals who buy skills from the companies they work for. D. the number of workers in a company who are productive.
Suppose that Congress were to institute an investment tax credit. What would happen in the market for loanable funds?
a. The demand for loanable funds would shift left. b. The supply of loanable funds would shift left. c. The demand for loanable funds would shift right. d. The supply of loanable funds would shift right.