Some economists argue that
A) discretionary monetary policy is ineffective because of its long identification lag.
B) discretionary fiscal policy is ineffective because of its long recognition lag.
C) discretionary monetary policy is ineffective because of its long implementation lag.
D) discretionary fiscal policy is ineffective because of its long implementation lag.
Ans: D) discretionary fiscal policy is ineffective because of its long implementation lag.
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Which of the following industries does not fit the natural monopoly model?
A. Fast food restaurants B. Natural gas C. Electricity D. Cable TV
Income taxes were made constitutional in the United States by the ________
A) Recovery Act of 2009 B) 16th Amendment to the U.S. Constitution C) Sherman Anti-Trust Act of 1890 D) Gramm-Leach-Bliley Act of 1999
The agency which functions as a "lender of last resort" for national governments is the
A) International Trade Organization. B) International Monetary Fund. C) World Trade Organization. D) World Trade Fund.
Which of the following statements is correct?
a. In the late 1800s, real GDP per person was higher in the United Kingdom than in the United States. b. In 2014, real GDP per person was higher in the United Kingdom than in the United States. c. The average annual growth rate of real GDP was higher in the United Kingdom than in the United States between the late 1800s and 2014. d. All of the above are correct.