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Author Question: An outside lag is the time period it takes economists to formulate a stabilization policy. ... (Read 46 times)

mynx

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on: Jun 30, 2018
An outside lag is the time period it takes economists to formulate a stabilization policy.
 
  Indicate whether the statement is true or false

Question 2

If Italy can produce grapes at a lower opportunity cost than any other nation, Italy is said to have a(n) ________ in the production of grapes.
 
  A) comparative disadvantage B) autarky
  C) comparative advantage D) absolute advantage
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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bimper21

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Reply #1 on: Jun 30, 2018
Answer to Question 1

FALSE

Answer to Question 2

C


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