It is not clear if a consumption tax will lead to significantly more saving because:
A. Buisnesses will not demand addition investments so rates will be low.
B. It is not clear wheather the typical household will adjust consumption in favor of more savings.
C. House holds will not understand there is an incenetive to save.
B. It is not clear wheather the typical household will adjust consumption in favor of more savings.
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The implementation lag for fiscal policy ________ it is for monetary policy
A) can be much longer than B) is generally much shorter than C) is usually the same as D) There is not an implementation lag for fiscal policy.
The long run is a period of time
a. during which at least one resource is fixed b. during which all resources are variable c. during which all resources are fixed d. less than one year e. greater than one year