The Implementation Lag Is Likely to Be

question 147

Multiple Choice

The implementation lag is likely to be:

• A) longer for changes in government spending than for changes in taxation.
• B) shorter for changes in government spending than for changes in taxation.
• C) indefinitely long for both changes in government spending and changes in taxation.
• D) similar in length for both changes in government spending and changes in taxation.

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Definitions:

Acre-Foot

An acre-foot is a unit of volume commonly used in the United States to measure large-scale water resources, such as in reservoirs and lakes, equating to the volume of water needed to cover one acre of land to a depth of one foot.

Football Field

A playing surface, typically measuring 100 yards (91.44 meters) long and 53.3 yards (48.77 meters) wide, used for American football games.

Gallons

A unit of fluid volume measurement used in the US and the British imperial system, equal to 3.785 liters in the US.

Water Table

The upper surface of the saturated zone in an unconfined aquifer, below which the ground is fully saturated with water.