After legislation is signed into law, the time it takes before actual fiscal stimulus is noticed is termed as:
a. signal lag
b. implementation lag.
c. impact lag.
d. recognition lag.
c
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Loophole mining refers to financial innovation designed to
A) hide transactions from the IRS. B) conceal transactions from the SEC. C) get around regulations. D) conceal transactions from the Treasury Department.
PURPA opened up the possibility that public utilities would purchase electricity from independent producers
Indicate whether the statement is true or false
What is one thing the Fed can do to increase the money supply?
a. raise reserve requirements b. increase the interest rate paid on reserves c. buy bonds d. increase the discount rate
When economists talk about the gains from trade they mean that
A) no one ever gets hurt by trade. B) the benefits of trade outweigh the losses. C) business firms benefit from trade but not necessarily individuals. D) trade increases government revenue through taxes on imports. E) economic restructuring is usually quick and painless.