Multiplier Uncertainty Is a Major Handicap for Policy Makers Since

question 3

Multiple Choice

Multiplier uncertainty is a major handicap for policy makers since it means that they don't always know

• A)the potential impact of a policy measure on the economy
• B)whether a disturbance is temporary or permanent
• C)from which sector of the economy a disturbance arises
• D)how long it will take to formulate and implement a policy change
• E)how long it will take for a policy to affect the economy

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Definitions:

Transformed Into Outputs

The process of converting inputs such as raw materials, labor, and energy into finished goods or services.

Quantitative Measure

Numerical indicators used to evaluate, compare, or track performance or production.

Productivity

The measure of the effectiveness of a production system, usually quantified as the ratio of output to input over a specific period.

Efficiency

The ratio of useful output to total input, highlighting the effectiveness of a process, system, or organization in utilizing resources.