QUESTION 27 Which of the following illustrates the wait-and-see lag? O A. Policy

Question

QUESTION 27 Which of the following illustrates the wait-and-see lag? O A. Policymakers believe an economic downturn has occurred, but they decide not to take O B. Policymakers are in the process of proposing policy measures to deal with the current C. Policymakers first learn of the recession when i is five months old D.Policymakers implement policy X, but it will be a few months before it starts working QUESTION 28 When the economy is producing the level of output equal to natural Real GDP, the unemployment rate is equal to A zero. O B. the natural unemployment rate. O C. the frictional unemployment rate. D, the structural unemployment rate. QUESTION 29 The ratio of the change in consumption to the change in disposable income is called the A marginal utility of consumption B. average utility of consumption. C. marginal propensity to consume. D. average propensity to consume.

Explanation / Answer

27) The answer is A -) Policymakers believe an economic downturn has occurred, but they decide not to take.

This illustrated the wait-and-see lags. because Policymakers believe an economic downturn has occurred, but they decide not to take actions until they are sure.

29) The asnwer is C-) Marginal propensity to consume.

because MPC = change in consumtion / change in dispobale income.

28) please upload it again..

Related Questions

Navigate

• Browse (All)
• Browse Q
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.