The time required to acquire information about the state of the economy is referred to as
A) the action time lag.
B) the recognition time lag.
C) the effect time lag.
D) the data lag.
B
Economics
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There is no opportunity cost of obtaining
A) a free good. B) a scarce good. C) any good a person acquires, as long as they value it highly enough. D) any good a person acquires, as long a they think it is worth the effort.
Economics
Refer to the figures. Which of the following events would most likely result in inflation?
A. A shift from D 2 to D 1 in Figure A.
B. A shift from D 2 to D 3 in Figure A.
C. A shift from D 2 to D 1 in Figure B.
D. A shift from D 2 to D 3 in Figure B.
Economics