The transmission lag is the time between
A) the implementation of a policy and when the impact of the policy is felt.
B) the enactment of a policy (getting a policy passed by Congress with the president's approval) and the implementation of the policy (putting a policy into effect).
C) realizing a policy is needed and enacting the policy.
D) the occurrence of an event and policymakers realizing the event has occurred.
B
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Which of the following is NOT a characteristic of long-run equilibrium in monopolistic competition?
A) The firm earns zero economic profit. B) Price is equal to average total cost. C) Production occurs at minimum average total cost. D) Marginal revenue is equal to marginal cost. E) Price exceeds marginal revenue.
Average product curve tells us:
A. the level of inputs that are the most productive. B. the cost-minimizing level of inputs to hire. C. the profit-maximizing level of inputs to hire. D. All of these are true.
A firm maximizes its profit by selling 2,500 units of output with an average revenue of $6.99 . The firm's marginal cost at 2,500 units of output is __________
Fill in the blank(s) with correct word
What caused 25,000 workers to be laid off in the boat industry?
a. the 10 percent luxury tax b. the 5 percent income tax c. the 15 percent real estate tax d. the 8 percent gift tax