An operational lag is the time taken by policymakers to recognize the existence of an economic expansion or recession

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

False

Economics

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According to the new growth theory, real GDP per person grows because

A) the retirement age increases. B) the labor force participation rate increases. C) people make choices in pursuit of profits. D) the population increases. E) the government subsidizes firms' research and development.

Economics

Since we all like to get richer, so when wage rate increases we always like to work longer hours to make more income

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

Economics