The time it takes to formulate a policy is known as:
A. fiscal policy.
B. crowding out.
C. inside lags.
D. outside lags.
Answer: C
Economics
You might also like to view...
Whatever serves as a medium of exchange is: a. money
b. money, as long as it is also the best such medium of exchange available. c. money, as long as it is not also a commodity. d. money, as long as it is not also legal tender. e. not money, unless it continues to be backed by its issuing institution.
Economics
Refer to the diagram, where T is tax revenues and G is government expenditures. All figures are in billions of dollars. If the full-employment GDP is $400 billion while the actual GDP is $200 billion, the actual budget deficit is:
A. $200 billion.
B. $20 billion.
C. $40 billion.
D. $60 billion.
Economics