The time it takes for policymakers to obtain and to understand the data and to change the policy instrument based on that information is known as ________, respectively
A) the data, recognition, and effectiveness lags
B) the recognition, data, and effectiveness lags
C) the data, recognition, and implementation lags
D) the recognition, implementation, and effectiveness lags
E) the data, implementation, and effectiveness lags
C
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Explain why the monopolist has no supply curve?
What will be an ideal response?
According to the graph shown, the change in producer surplus brought about by the introduction of a tariff is:
This graph demonstrates the domestic demand and supply for a good, as well as a tariff and the world price for that good.
A. a loss of HIJKL.
B. an increase of HIJKL.
C. a loss of H.
D. an increase of H.
Which of the following statements is true?
A. Competitive firms will respond less to changes in output prices over the long run than they will over the short run because short-run marginal cost is lower than long-run marginal cost. B. Competitive firms will respond more to changes in output prices over the long run than they will over the short run because long-run marginal cost is lower than short-run marginal cost. C. Competitive firms will respond less to changes in output prices over the long run than they will over the short run because long-run marginal cost is lower than short-run marginal cost. D. Competitive firms will respond more to changes in output prices over the long run than they will over the short run because short-run marginal cost is lower than long-run marginal cost.
In an FX swap, one currency is swapped for another on one date and then swapped back on a future date.
a. true b. false