The time necessary to put a desired policy into effect once economists and policymakers acknowledge that the economy is in an expansion or a recession is called a(n):
a. recognition lag

Suppose the government cracks down on illegal immigration. How will this affect the demand and supply of labor

What will be an ideal response?

Which of the following is characteristic of a regulated natural monopoly?

A. Extensive economies of scale. B. The wasteful duplication of capital facilities in the event of competition. C. The provision of an essential service. D. All of these.