The lag between an increase in government spending and the impact of this increased spending on the economy is called the __________ lag

All of the following are understandable economic reasons for reductions in consumer spending on durable goods except

A) economic uncertainty. B) increases in personal income taxes. C) declines in wealth levels. D) falling interest rates.

A demand-pull inflation is caused by an increase in the demand for output. Therefore, economists say that this type of inflation is actually good for the economy

a. True b. False Indicate whether the statement is true or false