When it takes time for the president and Congress to change fiscal policy to act on economic data, we have a(n)
A) aggregate time lag.
B) action time lag.
C) recognition time lag.
D) effect time lag.
B
Economics
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When Americans increase their demand for Japanese goods,
A) the supply of dollars will fall, and the demand for yen will fall. B) the supply of dollars will rise, and the demand for yen will rise. C) the demand for dollars will fall, and the demand for yen will rise. D) the demand for dollars will rise, and the demand for yen will rise.
Economics
Why might an automobile labor union lobby Congress to place tariffs on labor-saving devices like automated welding and riveting machines? Why might this be a mistake?
What will be an ideal response?
Economics