Some economists argue that
A) discretionary monetary policy is ineffective because of its long identification lag.
B) discretionary fiscal policy is ineffective because of its long recognition lag.
C) discretionary monetary policy is ineffective because of its long implementation lag.
D) discretionary fiscal policy is ineffective because of its long implementation lag.
Ans: D) discretionary fiscal policy is ineffective because of its long implementation lag.
You might also like to view...
If a firm happened to be the only seller of a particular product, it might behave as a price taker as long as
A) buyers have full information about the firm's price. B) the transaction costs of doing business with this firm are low. C) there are many buyers. D) there is free entry and exit.
If the country represented in this graph now can produce a maximum of 12 units of guns if it shifts all resources to gun production and could produce a maximum of 9 units of butter if it used all its resources for butter production then it would have experienced __________________.
