Stabilization Policy Is Affected by Inside Lags, Which Are

question 12

Multiple Choice

Stabilization policy is affected by inside lags, which are

• A)longer for monetary policy than for fiscal policy
• B)made up of the recognition, decision, and discretionary lags
• C)made up of the recognition, decision, and action lags
• D)the length of time it takes for a policy to affect the economy after its implementation
• E)caused by bureaucrats inside the government

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Definitions:

Payroll

The total amount of wages and salaries paid by a business to its employees for a set period of time.

Conditional Offer

An offer that is subject to certain conditions being met before it becomes legally binding.

Americans with Disabilities Act

A civil rights law that prohibits discrimination against individuals with disabilities in all areas of public life, including jobs, schools, transportation, and all public and private places that are open to the general public.

Artificially High

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