The Obama Stimulus Plan's Requirement That Projects Be "Shovel-Ready" Was

question 35

Multiple Choice

The Obama stimulus plan's requirement that projects be "shovel-ready" was designed to combat which of these

• A)The operational lag.
• B)The administrative lag.
• C)The recognition lag.
• D)The political business cycle.

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Definitions:

Indorsee

A person or entity to whom the rights under a negotiable instrument, such as a check or promissory note, have been legally transferred.

Enforce

To compel observance of or compliance with a law, rule, or obligation.

Negotiable Promissory Note

A financial document that contains a written promise to pay a specified sum of money to a named person or bearer under certain terms.

Worthless Securities

Financial instruments that have lost all monetary value, often resulting in a total loss for the holder.