The process of deciding on and passing fiscal policy legislation creates:
A. an information lag.
B. a formulation lag.
C. an implementation lag.
D. a direction lag.
B. a formulation lag.
Economics
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As contrasted to the mainstream view, Keynesian economists believe that ________ than mainstream economists believe
A) the multiplier effect is larger B) the burden of government debt on future generations is larger C) fiscal stimulus is weaker D) potential GDP is smaller E) the real GDP growth rate is higher
Economics
In the figure above, point E could be obtained if
A) resources were shifted from education to health care. B) resources were used more efficiently. C) society's resources increased. D) resources were shifted from health care to education.
Economics