Question
1. Which of the following do not explain why fiscal lags occur? It takes time to collect data to determine an inflationary or recessionary gap
1.
Which of the following do not explain why fiscal lags occur?
It takes time to collect data to determine an inflationary or recessionary gap exists.
It takes time to develop an effective plan to spend or retract money.
It takes time to spend approved money or retract approved money.
All of these explain why fiscal lags occur.
2.
Which statement regarding Area D on the Business Cycle graph is true?
Area D is the highest level of employment or production.
Area D indicates a contration.
Area D transitions into a trough.
None of the following are true,
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Managerial Accounting
Authors: John Wild, Ken Shaw
5th edition
978-1259176494, 1259176495, 978-1259347641, 1259347648, 978-0078025600
