The time that elapses between the implementation of a policy and its intended result is referred to as
A) the action time lag.
B) the recognition time lag.
C) the effect time lag.
D) the data lag.
Answer: C) the effect time lag.
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The total of all planned production for the entire economy is known as
A) aggregate inflation. B) aggregate supply. C) aggregate expenditures. D) aggregate demand.
Until the year 2000, the Humphrey-Hawkins Act directed the Fed to pursue all of the following, except
A) maximum employment. B) price stability. C) high economic growth. D) moderate long-term interest rates.
A university's football stadium is always sold out, and students who wait in line for hours may be turned away. This indicates
a. the ticket price is above the equilibrium price. b. the ticket price is below the equilibrium price. c. the ticket price is at the equilibrium price. d. nothing about the equilibrium price.
Commercial banks are able to create money because
What will be an ideal response?