The amount of time it takes Congress to debate the size of a tax cut is known as the
A) recognition time lag. B) action time lag.
C) effect time lag. D) Ricardian-equivalence time lag.
B
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A payment of $10,000 is to be made in the future. The interest rate 3%. Is this payment worth more if it is paid in 5 years or 10 years? How much more is it worth?
In November 2009, Marketopia Motors produced an automobile that was delivered to a local dealership in December 2009. The auto was then sold to Sharon Smith for personal use in February of 2010. Following national income accounting practices, this auto would be counted as part of ________.
A. consumption in 2009 and consumption in 2010 B. negative investment in 2009 and consumption in 2010 C. consumption in 2009 and investment in 2010 D. investment in 2009 and negative investment in 2010