What does the impact lag refer to?
A) the time required for the Bank of Canada to formally announce the impact of an economic downturn
B) the time required for changes in fiscal policy to affect the real economy
C) the time required for politicians to realize that the economy is slowing and to react
D) the time required for a downturn to have an effect on unemployment
Correct Answer:
Verified
Q13: The larger the marginal propensity to consume,
Q104: If the MPC is 0.4,more than half
Q105: Since 1970,the level of government transfer payments
Q106: According to the recognition lag,how long might
Q107: What impact does a smaller crowding-out effect
Q110: Due to crowding-out effects,other things being equal,in
Q111: A tax cut of $100 million will
Q112: In 2009,how much was Canadian federal government
Q113: In 2010,which of the following counties had
Q114: The Canadian federal income tax is a
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