A policymaker would prefer that the lag in the effect of a policy be
A) long and variable in magnitude or size.
B) short and fixed in magnitude or size.
C) long and fixed in magnitude or size.
D) short and variable in magnitude or size.
B
Economics
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The above figure shows the demand curve for movie rentals from Redbox. If Redbox lowered its price from $4.00 to $3.50, then total revenue would ________ because demand is ________
A) decrease; elastic B) increase; elastic C) decrease; inelastic D) increase; inelastic
Economics
The marginal propensity to consume is 0.50, marginal propensity to invest is 0.20, and the marginal propensity to import is 0.05. What is the size of the multiplier?
A) 1.00 B) 2.86 C) 3.00 D) 0.50
Economics