A legislative lag:
What will be an ideal response?
Discretionary fiscal policy must be instituted in the form of legal changes
in the government's budget. The government's economists may want to increase spending or decrease tax rates, but they have to convince both the president and Congress to act to
solve the problem.
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Which of the following would cause a leftward shift of the supply curve for computers?
a. an increase in the price of printed circuit boards used to build computers b. a decrease in the price of electricity c. an increase in incomes of consumers d. a decrease in the price of computers e. a decrease in the size of the population
The initial impact of the repeal of an investment tax credit is to shift
a. aggregate demand right. b. aggregate demand left. c. aggregate supply right. d. aggregate supply left.