The time between recognizing the existence of a problem and adopting a course of action to deal with the problem is called the A) impact lag. B) recognition lag. C) implementation lag. D) theory lag.
The time between recognizing the existence of a problem and adopting a course of action to deal with the problem is called the A) impact lag. B) recognition lag. C) implementation lag. D) theory lag.
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter18: Debates In Macroeconomics Over The Role And Effects Of Government
Section18.10: Demand-side And Supply Side Views Of The Economy And Government Tools For The Changing Real Gdp
Problem 3ST
Related questions
Question
28. |
The time between recognizing the existence of a problem and adopting a course of action to deal with the problem is called the |
|
|
A) |
impact lag. |
|
B) |
recognition lag. |
|
C) |
implementation lag. |
|
D) |
theory lag. |
29. |
Government tax and expenditure policies that affect real GDP are called |
|
|
A) |
automatic fiscal policy. |
|
B) |
discretionary fiscal policy. |
|
C) |
fiscal policy. |
|
D) |
supply-side policy. |
30. |
The government has a balanced budget if |
|
|
A) |
its total revenues are equal to its total expenditures. |
|
B) |
its total revenues are less than its total expenditures. |
|
C) |
its total revenues are greater than its total expenditures. |
|
D) |
the money supply is less than total expenditures. |
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