According to Baumol and Blinder, the Lag Between the Time

question 32

Multiple Choice

According to Baumol and Blinder, the lag between the time a policy is implemented and the time it affects aggregate demand is

• A)longer for fiscal than monetary policy.
• B)longer for monetary than fiscal policy.
• C)approximately equal for both.
• D)influenced mainly by the size of the multiplier.

---

Definitions:

Whorf's Linguistic Relativity Hypothesis

The theory proposing that the language one speaks directly influences and shapes one's thought processes and worldview.

Color Names

The specific labels or designations given to various hues, shades, and tints identifiable in the human visual spectrum.

Language

A system of communication that is governed by a system of rules (a grammar) and can express an infinite number of propositions.

Expressive Aphasia

A neurological disorder characterized by the impaired ability to produce language (spoken or written) despite being able to understand it, typically resulting from brain damage.