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jus10n jus10n
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5 years ago

Question 1.

If the government spending multiplier were 3.5, a $2 billion decrease in government spending would lower GDP by



▸ $70 billion after one year.

▸ $2 billion after two years.

▸ $1.5 billion after one year.

▸ $7 billion after one year.

Question 2.

The implementation lag for fiscal policy is longer than for monetary policy because



▸ it takes longer for the Fed to act than Congress.

▸ it takes longer for Congress to act than the Fed.

▸ fiscal policy changes more quickly affect behavior than monetary policy changes.

▸ monetary policy changes more quickly affect behavior than than fiscal policy changes.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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WooWoo
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This calls for a celebration Person Raising Both Hands in Celebration
Fleury
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You make an excellent tutor!
lubennick
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Correct Slight Smile TY
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