The effect time lag of fiscal policy refers to
A) the time needed for Congress to enact a policy.
B) the delay in recognizing an economic problem.
C) the time between the onset of a policy and when the policy has impact on the economy.
D) the difficulty in getting the President and the Congress to agree on an appropriate policy.
C
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For an imaginary economy, the consumer price index was 115.00 in 2004, 126.50 in 2005, and 136.62 in 2006 . Which of the following statements is correct?
a. For this economy, the base year must be 2004. b. If the basket of goods that is used to calculate the CPI cost $75.00 in the base year, then that basket of goods cost $115.00 in 2004. c. This economy's rate of inflation for 2006 is 10.12 percent. d. None of the above is correct.
Consider player n in a sequential game. a. If the player can play 2 actions from a single node, how many pure strategies does he have? b. Suppose he can play 2 actions at each of two different nodes. How many pure strategies does he have now? c. Suppose he can play 2 actions at each of three different nodes. How many pure strategies does he have now? d. Suppose he can play 2 actions at each of four different nodes. How many pure strategies does he have now? e. Suppose he can play 2 actions at each of k different nodes. How many pure strategies does he have now?
What will be an ideal response?