Outside lags occur because
A) it takes time to identify a problem.
B) firms must change investment plans before monetary policy can be effective.
C) once changes are finally diagnosed and implemented, policies are immediately effective.
D) once a problem is diagnosed, it still takes time to implement policy changes.
Question 2
Which of the following is true?
i. A rational choice is made on the margin.
ii. Microeconomics is the study of the national economy while macroeconomics is the study of the global economy.
iii. Economists try to understand how the economic world works by testing normative statements.
A) only ii B) only i C) only iii D) i and ii E) i and iii
Problem Solving
Shy children often have a high arousal level in novel social situations. Over time, parents can help ...
Graph showing oral administration of a single-dose drug. The time of onset is 2 hours and the end of ...
Fossil fuel emissions and climate change
The predicted solution to the problem posed
Gravitational Force Due to a Distribution of Mass problem 2