Many economic policies fail for all of the following reasons except

A. It is difficult to accurately measure economic performance.
B. Politicians and economists work together in formulating policies.
C. Economic forecasts may be inaccurate.
D. There are significant lags in response to policy implementation.


Answer: B

Economics

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Crowding out refers to the effect that deficits have on private investment spending

a. True b. False Indicate whether the statement is true or false

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In macroeconomics, a period during which some resource prices, especially those for labor are fixed by explicit or implicit agreement is called:

a. expansionary gap b. contractionary gap c. short-run d. long-run

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New trade theory is very useful in explaining trade patterns

a. true b. false

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