Which of the following would be described as the recognition lag?
A. The time required to get a particular plan implemented with the money getting into peoples' hands.
B. The time required by a President to sign legislation.
C. The time required to know that there is a recession.
D. The time required to agree upon a policy remedy for a recession.
Answer: C
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Unless you accept his 'final offer' your opponent threatens to scrap the whole deal:
a. His threat is more believable if both parties would be harmed by scrapping the deal b. His threat is more believable if he has better outside options c. His threat is more believable if only he is hurt from the deal falling through d. His threat is more believable if he has balked at this course of action in the past
The United States recycles a greater portion of its garbage than Japan does
a. True b. False
Demand is elastic when the elasticity is ______.
a. less than 1 b. less than 2 c. greater than 1 d. greater than 2
In the traditional Keynesian model, an increase in government spending leads to all of the following EXCEPT
A. higher real GDP. B. an increase in consumption. C. an increase in aggregate demand. D. an increase in the price level.