Which of the following contributes to implementation lag for discretionary fiscal policy?
A) the time it takes to secure legislative approval for policy actions
B) the time it takes for economic agents to respond to policy actions
C) the difficulty of collecting economic data in a timely manner
D) the time it takes to borrow funds to finance the fiscal policy
Ans: A) the time it takes to secure legislative approval for policy actions
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A. decrease in the demand for apples. B. increase in the demand for apples. C. decrease in the supply of apples. D. increase in the supply of apples.
The debts one owes are called:
A. liability. B. capital loss. C. asset. D. investment.
Which of the following are reported as liabilities on a bank's balance sheet?
A) reserves B) checkable deposits C) consumer loans D) deposits with other banks
In the stock valuation formula "good news" affects both the numerator and denominator. Conventional wisdom on Wall Street is that the effect on the __________ is __________ the effect on the __________
A) numerator; less than; denominator B) numerator; greater than; denominator C) numerator; the same as; denominator D) None of the above.