The amount of time that it takes between recognizing an economic problem and implementing policy to solve it is
A. the artificial intelligence lag.
B. the recognition time lag.
C. the effect time lag.
D. the action time lag.
Answer: D
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If society wants aggregate demand to increase without changes in the price level, then there must be
A) an increase in autonomous spending combined with an increase in the marginal propensity to save. B) a gap between full employment and the current level of real GDP and an increase in autonomous spending. C) an increase in autonomous saving so that autonomous investment spending can increase. D) an increase in autonomous spending and a horizontal short-run aggregate supply curve.
Loanable funds refers to
A) only those funds loaned from one bank to another. B) only those funds loaned to banks by the Federal Reserve. C) only those funds loaned by banks to private individuals. D) all those funds changing hands between lenders and borrowers in the bond market.
Explain using welfare measures whether consumers prefer a single price monopoly or a perfectly price discriminating monopoly
What will be an ideal response?
In a Cournot oligopoly, the ________ firms in the market, the ________ the equilibrium quantity and the ________ the equilibrium price.
A) less; larger; lower B) less; smaller; lower C) more; larger; lower D) more; smaller; higher