Which of the following government programs would be most appropriate to counteract cyclical unemployment?
A. More job training programs.
B. Year-round school.
C. Increased job placement services.
D. Greater government expenditures to increase GDP.
Answer: D
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The major difference between the lag in monetary policy versus the lag in fiscal policy stems from the
A) data lag. B) legislative lag. C) recognition lag. D) transmission lag.
During the holiday season, high-end retailers frequently place a high price on merchandise on weekends and discount the price during the week. They do this because they believe that two groups of customers exist: shoppers with little free time and bargain hunters. Bargain hunters have time to shop around and frequently shop during the week. What do economists call this price strategy used by
high-end retailers? a. oligopoly b. price discrimination c. compensating differential d. in-kind transfers