When there is an interval between when the fiscal policy changes and corresponding changes in aggregate spending, we have a(n)
A) aggregate time lag.
B) action time lag.
C) recognition time lag.
D) effect time lag.
Answer: D) effect time lag.
Economics
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A price floor does not benefit producers
a. True b. False Indicate whether the statement is true or false
Economics
The judicial doctrine, being a monopoly or attempting to monopolize is not in itself illegal; to be illegal, an action had to be shown to have negative economic effects, is called:
a. the "big is bad" policy. b. the per se rule. c. predatory price-cutting policy. d. the rule of law. e. the rule of reason.
Economics