The implementation lag of monetary policy is longer than that of fiscal policy because Congress can act more quickly then the Fed.
Answer the following statement true (T) or false (F)
False
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Suppose you decide to attend summer school and that this is considered a rational choice. When making this choice,
A) you considered the marginal cost and marginal benefit of your choice. B) you must ignore the problem of scarcity. C) you must have considered the social interest. D) you have made a positive statement. E) you have used the ceteris paribus assumption.
Higher future living standards require:
A. reduced rates of current consumption. B. increased rates of current consumption. C. increased rates of population growth. D. reduced rates of current investment.
After World War II, which of the following about the value of homes is not true?
A. It remained relatively unaffected by inflation. B. They were unaffected by recessions until the 2000s. C. On average they did not fall for 60 years. D. They seemed immune to the business cycle.
Protection of a new industry until it becomes strong enough to compete is called
A) the national defense argument. B) the government indirect tax argument. C) the leveling-the-playing-field argument. D) the infant-industry argument.