The time required for Congress and the President to realize that fiscal policy measures are needed to effectively deal with a recession is called the
A. political lag.
B. education lag.
C. recognition lag.
D. decision lag.
C. recognition lag.
You might also like to view...
Jack just received a promotion at work and now works 50 hours per week instead of 35. As a result,
A) the unemployment rate increased. B) the labor force participation rate increased. C) the unemployment rate decreased. D) neither the unemployment rate nor the labor force participation rate changed.
This graph represents the cost and revenue curves of a firm in a perfectly competitive market.
According to the graph shown, what is the market price?
A. P1 B. P2 C. P3 D. Cannot tell from the graph.
In a market for pollution, the value of pollution permits, but not the total amount of pollution, will not fluctuate over time
Indicate whether the statement is true or false
In a given year, the inflation rate drops by 2 percentage points and annual output drops by 8 percent. In this case, what is the sacrifice ratio?
a. 2 b. 4 c. 6 d. 8