Which of the following is NOT a reason for the inability to stabilize output?
A) lags between observation and action
B) policy actions can immediately take effect
C) policy constraints
D) preference to maintain long-range goals
Ans: B) policy actions can immediately take effect
Economics
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Of the items in the following lists, which go from most liquid to least liquid?
A) a house, a six-month certificate of deposit, shares of stock, a checking account B) a checking account, a certificate of deposit, shares of stock, a house C) a checking account, a house, a six-month certificate of deposit, shares of stock D) a six-month certificate of deposit, shares of stock, a house, a checking account
Economics
A nonmonetary opportunity cost is
A) an explicit cost. B) a direct cost. C) an implicit cost. D) an accounting cost.
Economics