The time it takes the Fed or Congress to change economic policy is
A. a recognition lag.
B. an implementation lag.
C. a response lag.
D. none of the above.
Answer: B
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What is the current WTO policy regarding environmental standards and trade?
What will be an ideal response?
In the year 2008, nearly half of all privately held federal debt was held by foreign investors.
A. True B. False C. Uncertain
A decrease in aggregate demand will
A) cause the short-run Phillips curve to shift to the right. B) decrease unemployment. C) move the economy to a lower point on the short-run Phillips curve. D) cause inflation.
A per-unit government subsidy to producers of a good tends to
A) reduce the supply of the good. B) increase the supply of the good. C) shift the supply curve to the left. D) not have any effect on the good's supply.