Homework Help is Here – Start Your Trial Now!
Business
Economics
For each of the following scenarios, determine which time lag is most likely to result when designing and implementing fiscal policy. a. The separation of power demonstrated between the legislative and executive branches of government combined with strong partisanship attitude among our elected politicians. O recognition lag O legislative lag O implementation lag O All of the answers are correct. b. The fact that it takes economists working for the National Bureau of Economic Research months to declare the dates of peaks and troughs. O recognition lag O legislative lag O implementation lag O All of the answers are correct. c. The time it takes to design and build new Infrastructure after these projects have been passed by the legislature. O recognition lag O legislative lag O implementation lag O All of the answers are correct.

For each of the following scenarios, determine which time lag is most likely to result when designing and implementing fiscal policy. a. The separation of power demonstrated between the legislative and executive branches of government combined with strong partisanship attitude among our elected politicians. O recognition lag O legislative lag O implementation lag O All of the answers are correct. b. The fact that it takes economists working for the National Bureau of Economic Research months to declare the dates of peaks and troughs. O recognition lag O legislative lag O implementation lag O All of the answers are correct. c. The time it takes to design and build new Infrastructure after these projects have been passed by the legislature. O recognition lag O legislative lag O implementation lag O All of the answers are correct.

Economics: Private and Public Choice (MindTap Course List)
Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter12: Fiscal Policy, Incentives, And Secondary Effects
Section: Chapter Questions
Problem 13CQ
See similar textbooks
icon
Related questions
Question
For each of the following scenarios, determine which time lag is most likely to result when designing and implementing fiscal policy. a. The separation of power demonstrated between the legislative and executive branches of government combined with strong partisanship attitude among our elected politicians. O recognition lag O legislative lag O implementation lag O All of the answers are correct. b. The fact that it takes economists working for the National Bureau of Economic Research months to declare the dates of peaks and troughs. O recognition lag O legislative lag O implementation lag O All of the answers are correct. c. The time it takes to design and build new Infrastructure after these projects have been passed by the legislature. O recognition lag O legislative lag O implementation lag O All of the answers are correct.
Transcribed Image Text:For each of the following scenarios, determine which time lag is most likely to result when designing and implementing fiscal policy. a. The separation of power demonstrated between the legislative and executive branches of government combined with strong partisanship attitude among our elected politicians. O recognition lag O legislative lag O implementation lag O All of the answers are correct. b. The fact that it takes economists working for the National Bureau of Economic Research months to declare the dates of peaks and troughs. O recognition lag O legislative lag O implementation lag O All of the answers are correct. c. The time it takes to design and build new Infrastructure after these projects have been passed by the legislature. O recognition lag O legislative lag O implementation lag O All of the answers are correct.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Economic Policy
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Economics: Private and Public Choice (MindTap Cou…
Economics: Private and Public Choice (MindTap Cou…
Economics
ISBN:
9781305506725
Author:
James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:
Cengage Learning
Macroeconomics: Private and Public Choice (MindTa…
Macroeconomics: Private and Public Choice (MindTa…
Economics
ISBN:
9781305506756
Author:
James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:
Cengage Learning
Economics (MindTap Course List)
Economics (MindTap Course List)
Economics
ISBN:
9781337617383
Author:
Roger A. Arnold
Publisher:
Cengage Learning
Macroeconomics
Macroeconomics
Economics
ISBN:
9781337617390
Author:
Roger A. Arnold
Publisher:
Cengage Learning
Exploring Economics
Exploring Economics
Economics
ISBN:
9781544336329
Author:
Robert L. Sexton
Publisher:
SAGE Publications, Inc
ECON MACRO
ECON MACRO
Economics
ISBN:
9781337000529
Author:
William A. McEachern
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS