Multiple Choice
Suppose the government had made a decision to change fiscal policy, but it then took nine months to implement a tax reduction. This is an example of
A) automatic fiscal stabilizers.
B) a decision lag.
C) fine tuning.
D) gross tuning.
E) an execution lag.
Correct Answer:

Verified
Correct Answer:
Verified
Q62: Suppose the economy is experiencing a significant
Q63: In macroeconomic analysis, the assumption that potential
Q64: Which of the following characteristics define the
Q65: Suppose the economy has a high level
Q66: The "asymmetry" in the behaviour of aggregate
Q68: Suppose the economy is in macroeconomic equilibrium
Q69: Consider the AD/AS model. Since output in
Q70: An inflationary output gap would generate which
Q71: What economists sometimes call the "long- run
Q72: The wage- adjustment process is asymmetrical because<br>A)employers