Suppose that the president has decided to increase government spending by buildi

Question

Suppose that the president has decided to increase government spending by building more libraries. The legislation was rushed through Congress and enacted without any delay. From here, the libraries will take 10 months to plan and 2 years to build.

Which of the following is true?

The planning and building of the libraries represents an impact lag of this policy.

The planning and building of the libraries represents a recognition lag of this policy.

This policy shows an example of automatic stabilizers taking effect.

This policy is contractionary.

The Laffer curve would be used to recommend this policy.

The planning and building of the libraries represents an impact lag of this policy.

The planning and building of the libraries represents a recognition lag of this policy.

This policy shows an example of automatic stabilizers taking effect.

This policy is contractionary.

The Laffer curve would be used to recommend this policy.

Explanation / Answer

The planning and building of the libraries represents an impact lag of this policy.

Related Questions

Navigate

• Browse (All)
• Browse S
• Subjects

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