Refer to Figure . Suppose it takes policy makers from time t2 to time t4 to take an action to stimulate the economy. This is an example of
Select one:
a. response lag.
b. cyclical lag.
c. recognition lag.
d. implementation lag.
Homework Answers
option d) Implementation lag
implementation lag in fiscal policy imply that the time is required to put the desired policy actions into effect to correct business cycle phase
Response lag is the time taken by Economy to respond towards the policy implemented
Add Answer to:
Refer to Figure . Suppose it takes policy makers from time
t2 to time t4 to...
Refer to Figure . Suppose it takes policy makers from time t2 to time t3 to...
Refer to Figure . Suppose it takes policy makers from time
t2 to time t3 to see that the economy has started
contracting. This is an example of a response lag.
Select one:
True
False
H B GDP D E to 11 13 14 12 18 15 Time
Refer to the figure below. Suppose the economy is in a short-run equilibrium at output Y3...
Refer to the figure below. Suppose the economy is in a short-run
equilibrium at output Y3 and inflation rate
π2. The economy is currently experiencing ______, and
the correct monetary policy response to this situation, to return
the economy to potential GDP, is to ______.
Select one:
a. a recessionary gap; raise taxes
b. an expansionary gap; cut taxes
c. a recessionary gap; increase the money supply
d. an expansionary gap; decrease the money supply
Inflation rate ASI AS2 AD...
Which of the following lags is longest for monetary policy? O A. effectiveness lag B. implementation lag O C. variable lag O D. legislative lag Match each of the following statements with the type of...
Which of the following lags is longest for monetary policy? O A. effectiveness lag B. implementation lag O C. variable lag O D. legislative lag Match each of the following statements with the type of lag it describes. Delays in the availability of timely and relevant data to be able to identify a problem can slow a potential policy response Even when data becomes available, it can take time to interpret what the data is signaling about the state of...
Price leve LRAS 2000100 GOP of 200 do n 2 Refer to Figure above. In the...
Price leve LRAS 2000100 GOP of 200 do n 2 Refer to Figure above. In the mainstream figure above, suppose the economy is initially at point A, and then moves to point B as a result of policy action. (cach 3p) At point A, is the economy currently at full employment GDP? Why or why not? a. Explain a policy action by the Federal Reserve that may accomplish the movement from b. A to B c. Explain a policy action...
Figure 16-1 Price level LRAS SRAS D AD AD AD Real GDP Refer to Figure 16-1....
Figure 16-1 Price level LRAS SRAS D AD AD AD Real GDP Refer to Figure 16-1. Suppose the economy is in short-run equilibrium above potential GDP and automatic stabilizers move the economy back to long-run equilibrium. Using the static AD- AS model in the figure above, this would be depicted as a movement from OD to C Eto A. B to A A to E. Cto B.
LAS AO Price Pure SAS level v Real GOP Refer to figure 3 above 2) The...
LAS AO Price Pure SAS level v Real GOP Refer to figure 3 above 2) The economy Is In a short run equilibrium at 01, which is to the left of OF {full employment level of real output). What is the mostly like concern of policy makers A. Rising price levels B. An excess of externalities in the market C. High levels of unemployment D. Crowding our as result of high budget defecits E. An overallocation of scarce resources creating...
bone Chapter 10 Part 2: Homework Problems 17. (Figure: Laffer Curve 3) A supply side economist...
bone Chapter 10 Part 2: Homework Problems 17. (Figure: Laffer Curve 3) A supply side economist is advocating reducing income tax rates. She is probably assuming that the economy is at point 17. (ou in the graph Aage Tax Rates Tax esons of us Done Chapter 10 Part 2: Homework Problems approach to the federal budget believe that the first priority of policymakers should be to keep the economy at full employment with stable price 1. Economists who favor a[n)...
Refer to figure 3. Which of the following could cause a shift from ADO to AD1,...
Refer to figure 3. Which of the following could cause a shift from ADO to AD1, ceteris paribus? Select one: O a. An increase in government spending on the environment. O b. An increase in exports. Customize and control Google Chrome O c. A decrease in interest rates. O d. A decrease in consumer confidence. Question 17 Not yet answered Points out of 1.00 P Flag question Suppose you take care of your neighbor's children while she works and you...
12. The progressive income tax and transfer payments are the two main: A) automatic stabilizers. B)...
12. The progressive income tax and transfer payments are the two main: A) automatic stabilizers. B) monetary policy tools. C) long-run aggregate supply management tools. D) tools for balancing the budget. 13. Automatic stabilizers include all of the following EXCEPT: A) unemployment compensation benefits. B) welfare payments. C) national defense spending. D) tax revenues. 14. The implementation lag is: A) usually less than 12 months. B) the time it takes policymakers to recognize a problem. C) the time it takes...
1) The long-run aggregate supply curve would shift right if immigration from abroad Select one: a....
1) The long-run aggregate supply curve would shift right if immigration from abroad Select one: a. increased or Congress made a substantial increase in the minimum wage. b. decreased or Congress abolished the minimum wage. c. increased or Congress abolished the minimum wage. d. decreased or Congress made a substantial increase in the minimum wage. 2) Refer to Optimism. How is the new long-run equilibrium different from the original one? Optimism Imagine that the economy is in long-run equilibrium. Then,...
Refer to Figure . Suppose it takes policy makers from time
t2 to time t3 to see that the economy has started
contracting. This is an example of a response lag.
Select one:
True
False
H B GDP D E to 11 13 14 12 18 15 Time
Refer to the figure below. Suppose the economy is in a short-run
equilibrium at output Y3 and inflation rate
π2. The economy is currently experiencing ______, and
the correct monetary policy response to this situation, to return
the economy to potential GDP, is to ______.
Select one:
a. a recessionary gap; raise taxes
b. an expansionary gap; cut taxes
c. a recessionary gap; increase the money supply
d. an expansionary gap; decrease the money supply
Inflation rate ASI AS2 AD...
Which of the following lags is longest for monetary policy? O A. effectiveness lag B. implementation lag O C. variable lag O D. legislative lag Match each of the following statements with the type of lag it describes. Delays in the availability of timely and relevant data to be able to identify a problem can slow a potential policy response Even when data becomes available, it can take time to interpret what the data is signaling about the state of...
Price leve LRAS 2000100 GOP of 200 do n 2 Refer to Figure above. In the mainstream figure above, suppose the economy is initially at point A, and then moves to point B as a result of policy action. (cach 3p) At point A, is the economy currently at full employment GDP? Why or why not? a. Explain a policy action by the Federal Reserve that may accomplish the movement from b. A to B c. Explain a policy action...
Figure 16-1 Price level LRAS SRAS D AD AD AD Real GDP Refer to Figure 16-1. Suppose the economy is in short-run equilibrium above potential GDP and automatic stabilizers move the economy back to long-run equilibrium. Using the static AD- AS model in the figure above, this would be depicted as a movement from OD to C Eto A. B to A A to E. Cto B.
LAS AO Price Pure SAS level v Real GOP Refer to figure 3 above 2) The economy Is In a short run equilibrium at 01, which is to the left of OF {full employment level of real output). What is the mostly like concern of policy makers A. Rising price levels B. An excess of externalities in the market C. High levels of unemployment D. Crowding our as result of high budget defecits E. An overallocation of scarce resources creating...
bone Chapter 10 Part 2: Homework Problems 17. (Figure: Laffer Curve 3) A supply side economist is advocating reducing income tax rates. She is probably assuming that the economy is at point 17. (ou in the graph Aage Tax Rates Tax esons of us Done Chapter 10 Part 2: Homework Problems approach to the federal budget believe that the first priority of policymakers should be to keep the economy at full employment with stable price 1. Economists who favor a[n)...
Refer to figure 3. Which of the following could cause a shift from ADO to AD1, ceteris paribus? Select one: O a. An increase in government spending on the environment. O b. An increase in exports. Customize and control Google Chrome O c. A decrease in interest rates. O d. A decrease in consumer confidence. Question 17 Not yet answered Points out of 1.00 P Flag question Suppose you take care of your neighbor's children while she works and you...
12. The progressive income tax and transfer payments are the two main: A) automatic stabilizers. B) monetary policy tools. C) long-run aggregate supply management tools. D) tools for balancing the budget. 13. Automatic stabilizers include all of the following EXCEPT: A) unemployment compensation benefits. B) welfare payments. C) national defense spending. D) tax revenues. 14. The implementation lag is: A) usually less than 12 months. B) the time it takes policymakers to recognize a problem. C) the time it takes...
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