The Time Necessary for a Fiscal Policy Plan to Have

question 165

Multiple Choice

The time necessary for a fiscal policy plan to have an impact is called the:

• A) legislative lag.
• B) recognition lag.
• C) implementation lag.
• D) effectiveness lag.

Understand the effect of government policies on consumption based on price elasticity.

Interpret graphical representations of demand to determine elasticity.

Determine the effects of price changes on quantity demanded.

Understand the basic concepts and effects of hypnosis, including its real and demonstrable effects.

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Definitions:

Phalanges

Bones in the fingers or toes.

Mineral

In the diet, an element that is required in small amounts for normal metabolism.

Bones

Hard, dense connective tissue that forms the structural elements of the skeleton in vertebrates, providing support and protection.

Motor Neuron

Neuron that controls a muscle or gland.