Which of the following is an example of transmission lag? A.None of the given answers. B.The Congress approves a stimulus package and it takes years to see an increase in economy's real GDP. C.The economy enters a deep recession, and Congress takes two months to approve an extensive tax cut bill. D.The economy enters a deep recession and Congress passes spending on public works that will take years to plan for and build.

Which of the following is an example of transmission lag? A.None of the given answers. B.The Congress approves a stimulus package and it takes years to see an increase in economy's real GDP. C.The economy enters a deep recession, and Congress takes two months to approve an extensive tax cut bill. D.The economy enters a deep recession and Congress passes spending on public works that will take years to plan for and build.

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter17: Market Failure: Externalities, Public Goods, And Asymmetric Information

Section: Chapter Questions

Problem 1QP

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