Multiple Choice
In total,the lags associated with discretionary policy can extend from the time a
A) problem occurs in the economy through the time it is recognized by the government
B) problem is recognized by the government through the time an agreed-on policy is approved
C) policy is approved through the time the policy is implemented
D) policy is implemented through the time its impact is felt in the economy
E) problem occurs in the economy through the time a corrective policy has an impact on the economy
Correct Answer:

Verified
Correct Answer:
Verified
Q1: The long-run Phillips curve<br>A)represents the fact that
Q2: The hypothesis that the economy tends toward
Q3: If an economist of the rational expectations
Q4: When self-correcting forces cure a recessionary gap,<br>A)money
Q6: Economists of the rational expectations school believe
Q7: Economist A.W.Phillips believed that<br>A)the Fed should follow
Q8: If the economy were in a recession,which
Q10: Those of the rational expectations school<br>A)favor monetary
Q11: The time it takes for a new
Q23: Before discovering that the short-run Phillips curve