The recognition lag for fiscal policy is ________ it is for monetary policy
A) generally longer than
B) generally shorter than
C) roughly the same as
D) There is not a recognition lag for fiscal policy.
C
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Figure 8-2
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In Figure 8-2, which of the following moves can be explained by a decrease in disposable income?
A. E to B B. A to C C. A to D D. B to E
Maximum Feasible Hourly Production Rates for EitherFood or Cloth Using All Available Resources
Using the data in the above table and assuming constant opportunity costs, it is correct to state that
A. the United States has an absolute advantage in producing cloth. B. Mexico has a comparative advantage in producing both food and cloth. C. the United States has a comparative advantage in producing both food and cloth. D. Mexico has a comparative advantage in producing food.
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, Point A necessarily represents
A. only hybrid cars being produced. B. an unattainable production point. C. what society wants. D. the economy's optimal production point.
Discuss the shape of the aggregate supply curve as time moves from the immediate short run, to the short run, to the long run. Why do economists tend to use the short run aggregate supply curve in analysis?
What will be an ideal response?