The amount of time it takes for fiscal policy to have an impact on the economy creates:
A. an information lag.
B. a formulation lag.
C. an implementation lag.
D. a direction lag.
C. an implementation lag.
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Use the following table, which shows the supply and demand schedules for the euro, to answer the next question.Quantity of Euros SuppliedPriceQuantity of Euros Demanded400$1.101003601.002003000.903002860.804002670.70500Under a flexible exchange rate system, what will be the euro rate of exchange for one U.S. dollar?
A. 1.11 euros B. 1.00 euros C. 0.95 euro D. 1.23 euros
Which of the following federal agencies is engaged in social regulation?
A) Equal Employment Opportunity Commission B) Office of the Comptroller of the Currency C) the Securities and Exchange Commission D) Federal Deposit Insurance Corporation
If we wanted to prove that macaroni is an inferior good, we would test the __________ of macaroni and get a __________
a. cross-price elasticity; negative number b. income elasticity; number less than 1 c. income elasticity; positive number d. price elasticity of demand; number greater than negative 1 e. income elasticity; negative number
Marginal utility is always a positive number
a. True b. False Indicate whether the statement is true or false