The time it takes for a policy to actually work is known as
A) inside lags. B) crowding out. C) fiscal policy. D) outside lags.
D
You might also like to view...
Explain what happens to the long-run supply curve of an industry when firm entry raises the price of inputs used in the industry
What will be an ideal response?
The United States was unable to maintain its dominance in the production of televisions because:
A. the highly technical skills necessary to produce televisions are greater in other countries. B. the product designs evolved too rapidly for engineers in the United States to keep up. C. automated techniques allowed production to be outsourced to countries with less-skilled workers. D. the raw materials necessary to build televisions became scarce in the United States.
What is the best measure of the value of output of an economy?
A. GDP B. GNP C. NNP D. the GDP deflator
In the long run, both monopolistically competitive and perfectly competitive firms attain
A. productive efficiency. B. positive economic profits. C. zero economic profits. D. lowest cost production.