Which of the following describes the final lag that impacts expansionary fiscal policy?
A. It takes time for policy makers to agree on a solution to the problem.
B. It takes time for policymakers to recognize that there is a problem.
C. It takes time for government to spend large amounts of money.
D. It takes time for government spending to ripple through the economy.
Ans: D. It takes time for government spending to ripple through the economy.
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You observe that the price of a good rises and the quantity decreases. These observations can be the result of the
A) demand curve shifting rightward. B) demand curve shifting leftward. C) supply curve shifting rightward. D) supply curve shifting leftward.
A rise in the value of a currency in relation to another currency in the international market is called:
a. appreciation. b. depreciation. c. devaluation. d. conservation. e. redenomination.