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 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
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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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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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