After legislation is signed into law, the time it takes before actual fiscal stimulus is noticed is termed as:
a. signal lag

In order to derive a demand curve for cheese, we would change

a. income and hold other things constant b. tastes and hold other things constant c. the price of other goods and hold everything else constant d. the price of cheese and hold other things constant e. the price of all goods, including cheese and hold other things constant

When actual output increases the potential output, _____. a. more resources become unemployed. b. prices remain constant

c. prices tend to increase. d. nominal GDP decreases. e. resource prices decrease.