Part of the lag in monetary policy effects is due to
a. the long political process of monetary policy decisions.
b. precise economic forecasts.
c. the time required for firms and households to alter their spending plans.
d. changes in the unemployment rate.
c
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Sharecropping can be best understood as
(a) a type of agreement preferred by peasants. (b) a type of agreement preferred by landlords. (c) a compromise between peasant and landlord preferences. (d) a type of agreement preferred by neither but given by tradition.
If residents of the United States give more gifts to relatives abroad than they receive, unilateral transfers will be
A) positive. B) unaffected. C) negative. D) zeroed out.
In the graph shown, what change would increase production efficiency?
A. Moving from C to D B. Moving from D to B C. Moving from A to D D. Moving from A to B
A movement along a supply curve is induced by a change in
A) input prices. B) taxes and subsidies. C) price expectations. D) the product's own price.