The time it takes to collect and process data is the biggest source of which lag?

A) implementation lag
B) recognition lag
C) government lag
D) impact lag

Ans: B) recognition lag

Economics

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All of the following are examples of spending on goods and services in the circular flow model except

A) Giovani buys a new cell phone to replace the one he flushed down the toilet. B) Amir buys a new humidor for his cigar shop. C) Isabella buys the sushi plate for lunch at the Turning Japanese Sushi Bar. D) Vijay buys a new minivan for his family's cross-country vacation.

Economics

Refer to the diagram, in which Q f is the full-employment output. An expansionary fiscal policy would be most appropriate if the economy's present aggregate demand curve were at:



A.  AD 0 .
B.  AD 1 .
C.  AD 2 .
D.  AD 3 .

Economics