The time needed to decide what to do once a macroeconomic problem has been identified is called a ________ ________
a. Recognition Lag
b. Decision-Making Lag
c. Implementation Lag
d. Effectiveness Lag
b
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Which of the following is not among Porter's competitive forces?
A) changing consumer tastes B) threat of new entrants C) power of buyers D) power of suppliers
An increasing federal budget deficit will ________ the federal government debt as this will ________ the total value of U.S. Treasury bonds outstanding
A) increase; increase B) increase; decrease C) not impact; not change D) not impact; be offset by
All the following are examples of accounting costs, except
a. Interest payments on borrowed funds b. Costs paid to suppliers for product ingredients c. Cost of equity d. Depreciation expenses related to investments in buildings and equipment
The increase in world oil prices in 1990 initially
a. caused the AS curve to shift upward as wage rates quickly adjusted b. increased the level of GDP associated with high price levels c. shifted the aggregate expenditure line upward d. caused the AS curve to shift upward due to higher costs per unit of output e. caused the AD curve to shift leftward due to an increasing interest rate