Time lags occur when which of the following questions is asked?
A) Where is the economy now?
B) Where is the economy going?
C) How long will it take for a correct policy to be implemented?
D) All of the above.
E) None of the above.
D
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The 2007-2009 recession began with reductions in investment and consumption spending, precipitated by a financial crisis. This explanation for the recession is consistent with
A. the monetarist view of macroeconomic instability. B. the mainstream view of macroeconomic instability. C. the rational expectations view of macroeconomic instability. D. the real business cycle theory of macroeconomic instability.
According to this Application, the incentives described were ________ because they ________ the rate of immunizations
A) not effective; increased B) effective; increased C) not effective; decreased D) effective; decreased
List the components of aggregate expenditure and describe how each of them changes as real GDP increases
What will be an ideal response?
If the marginal social cost of producing a product exceeds the marginal social benefit, producers will produce less of it
a. True b. False