The Federal Reserve often begins to tighten monetary policy after a trough in the business cycle because of
A) the impact lag.
B) the recognition lag.
C) bureaucratic indecision.
D) the time necessary to get Congress to act.
B
Economics
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Who sets the rules for entitlements when spending is authorized under this category?
A) the agency involved B) the Congress when it appropriates the spending C) each individual state D) the President
Economics
All else equal, an increase in the rate of inflation ________ planned spending and ________ short-run equilibrium output.
A. decreases; decreases B. increases; decreases C. decreases; increases D. increases; increases
Economics