A recognition lag is the delay between
A) the demand for a product changing and its price changing.
B) the onset of an economic slowdown and the realization that a discretionary fiscal policy response may be appropriate.
C) the recognition of an increase in the cost of living and the appropriate adjustment to Canada Pension Plan (CPP) payments.
D) increases in the unemployment rate and increases in university enrolment.
E) changes to the price of gasoline and adjustments to the number of kilometres that drivers travel each month.
Correct Answer:
Verified
Q182: Supporters of supply-side economics are of the
Q183: Economists tend to be critical of any
Q184: If the marginal propensity to import (m)is
Q185: Discretionary (deliberate)changes in fiscal policy attempt to
Q186: Suppose C = 100 + 0.6(Y -
Q188: In the real world,investments in public capital,such
Q189: If the marginal propensity to import (m)is
Q190: The economy-wide marginal tax rate is
A) the
Q191: Provisions in the law that imply automatic
Q192: Employment insurance payments and social assistance payments,acting
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents