Author Question: The delay between when a policy action is taken and when they affect the economy is referred to as ... (Read 49 times)

Anajune7 · **on:** Jul 1, 2018

The delay between when a policy action is taken and when they affect the economy is referred to as the

A) impact lag.
B) action lag.
C) recognition lag.
D) policy lag.

Question 2

When relatively few workers have high ability,

A) they will settle for the average wage.
B) they will want to signal their ability.
C) the premium for high ability is less than when most workers have high ability.
D) they do not need to signal their ability.