The time it takes for a new policy to register its full impact on the economy after it has been put in force is known as the_____
a. activity lag
b. decision-making lag
c. effectiveness lag
d. implementation lag
e. recognition lag
c
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In a market system, how are the price signals established?
A) Consumer advocacy groups establish fair prices for items, and most firms follow these pricing guidelines because they don't want to anger their consumers. B) Industry associations establish an acceptable price range for each commodity sold within the industry, and member firms are obligated to abide by association guidelines. C) The forces underlying supply and demand interact to determine a market clearing price. D) Federal legislation establishes maximum prices for most goods, and state governments regulate the prices of any remaining items.
Empirical evidence suggests that the relationship between a firm’s investment and its stock prices is
a) strongly negative b) weakly negative c) nonexistent; the two variables are independent d) weakly positive e) strongly positive
The disparity in child mortality rates between the Global North and the Global South
A. has more than tripled over the past 25 years. B. remains very high. C. has been cut roughly in half in percentage terms. D. has virtually disappeared.
If the tax-returns and capital gains effect were accounted for in the measurement of income inequality, ________.
A. the top 1% share of income would have decreased by 1.4% from 1978 to 2007 B. the top 1% share of income would have tripled from 1978 to 2007 C. the top 1% share of income would have remained at 8% in 1978 and 2007 D. the top 1% share of income would have less than doubled in value from 1978 to 2007