The length of time before policymakers realize they need to intervene in the economy is called the
A) recognition lag.
B) implementation lag.
C) impact lag.
D) liquidity lag.
A
Economics
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If a 2 percent change in price leads to a ________ percent change in the quantity demanded, then demand is ________
A) 2; elastic B) 1; unit elastic C) 3; inelastic D) 1; inelastic E) 0; perfectly elastic
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What is an imperfectly competitive industry?
What will be an ideal response?
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If you transfer all of your currency to your checking account, then initially, M1 will ________ and M2 will ________
A) not change; not change B) decrease; increase C) increase; not change D) not change; increase
Economics
Why is time such an important determinant in the elasticity of supply? Is time also important in determining price elasticity of demand? Explain
What will be an ideal response?
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