1)Time lags can limit the effectiveness of, and complicate, stabilization policy When conducting fiscal policy, which of the following lag types poses the biggest problem for policy makers Part 2 A Implementation lags B Response lags C Recognition lags D Political lags 2)Why might stabilization policy be difficult to carry out A When policies are implemented, there are lags in time before the policies begin to impact the economy B Because there are time lags in gathering data, it is difficult to create policies in a timely manner C Due to lags in policies, the desired effects may come later than anticipated and actually have the opposite effect intended by the policy goals D All of the above 3)Which of the following best describes an expansion of society's production possibilities A It is seen as a movement from one point on the production possibilities frontier to a different point on the same curve B One of the intercepts is higher than on the original curve and one is below where it was on the original curve C It shifts inward with all points on the new production possibilities frontier being below the original curve D It shifts outward with all points on the new production possibilities frontier being above the original curve 4)The shift of society's production possibilities frontier as a result of an expansion illustrates the process of economic A decadence B greed C growth D accumulation Quiz 4 Google Chrome X mylab pearson com Student PlayerTest aspx testld 242014700 centerwin yes ECON1002 1 RAFIG ABASOV 05 20 22 8 35 AM Quiz Quiz 4 Question 10 of 10 This quiz 10 point(s) possible This question 1 point(s) possible Submit quiz The figure to the right plots productivity (output per worker hour) data for a hypothetical country for the period 1955 2005 Output per Worker Hour When researchers focus on subperiods within the longer time frame and attach line segments to smooth out short run Productivity fluctuations, the figure becomes Which of the following subperiods appears to exhibit the most rapid increase in productivity O A 1990 2005 (fushia) O B 1955 1970 (red) O C 1970 1990 (blue) Percent Scale O D indeterminate of 1955 1965 1975 1985 1995 2005 Years Time Remaining 00 44 13 Submit quiz Visual Studio 2017 13 C Gunesli 9 ( 6 () ENG 08 35 20 05 2022Quiz 4 Google Chrome X mylab pearson com Student PlayerTest aspx testld 242014700 centerwin yes ECON1002 1 RAFIG ABASOV 05 20 22 8 35 AM E Quiz Quiz 4 Question 8 of 10 This quiz 10 point(s) possible This question 1 point(s) possible Submit quiz Use the three point curved drawing tool to show an expansion of society's production possibilities Label this curve PPF2 Carefully follow the instructions above and only draw the required object The shift of society's production possibilities frontier (PPF) as a result of an expansion illustrates the process of A economic accumulation B economic growth Other goods C economic decadence D economic greed PPF of Food Time Remaining 00 44 05 Next 83 13 C Gunesli 93 ( ) ENG 08 35 20 05 2022

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1)Time lags can limit the effectiveness of, and complicate, stabilization policy. When conducting fiscal policy, which of the following lag types poses the biggest problem

1)Time lags can limit the effectiveness of, and complicate, stabilization policy. When conducting fiscal policy, which of the following lag types poses the biggest problem for policy makers?Part 2

Implementation lags

Response lags

Recognition lags

Political lags

2)Why might stabilization policy be difficult to carry out?

When policies are implemented, there are lags in time before the policies begin to impact the economy.

Because there are time lags in gathering data, it is difficult to create policies in a timely manner.

Due to lags in policies, the desired effects may come later than anticipated and actually have the opposite effect intended by the policy goals.

All of the above.

3)Which of the following best describes an expansion of society's production possibilities?

It is seen as a movement from one point on the production possibilities frontier to a different point on the same curve.

One of the intercepts is higher than on the original curve and one is below where it was on the original curve.

It shifts inward with all points on the new production possibilities frontier being below the original curve.

It shifts outward with all points on the new production possibilities frontier being above the original curve.

4)The shift of society's production possibilities frontier as a result of an expansion illustrates the process of economic __________.

decadence.

greed.

growth.

accumulation.

Quiz 4 - Google Chrome X mylab.pearson.com/Student/PlayerTest.aspx?testld=242014700¢erwin=yes ECON1002.1 RAFIG ABASOV 05/20/22 8:35 AM Quiz: Quiz 4 Question 10 of 10 This quiz: 10 point(s) possible This question: 1 point(s) possible Submit quiz The figure to the right plots productivity (output per worker hour) data for a hypothetical country for the period 1955-2005. Output per Worker Hour When researchers focus on subperiods within the longer time frame and attach line segments to smooth out short-run Productivity fluctuations, the figure becomes: Which of the following subperiods appears to exhibit the most rapid increase in productivity? O A. 1990-2005 (fushia) O B. 1955-1970 (red) O C. 1970-1990 (blue) Percent Scale O D. indeterminate of 1955 1965 1975 1985 1995 2005 Years Time Remaining: 00:44:13 Submit quiz Visual Studio 2017 13.C Gunesli ~ 9 ( 6 () ENG 08:35 20.05.2022Quiz 4 - Google Chrome X mylab.pearson.com/Student/PlayerTest.aspx?testld=242014700¢erwin=yes ECON1002.1 RAFIG ABASOV 05/20/22 8:35 AM E Quiz: Quiz 4 Question 8 of 10 This quiz: 10 point(s) possible This question: 1 point(s) possible Submit quiz Use the three-point curved drawing tool to show an expansion of society's production possibilities. Label this curve PPF2- Carefully follow the instructions above and only draw the required object. The shift of society's production possibilities frontier (PPF) as a result of an expansion illustrates the process of A. economic accumulation. B. economic growth Other goods C. economic decadence. D. economic greed PPF of Food Time Remaining: 00:44:05 Next 83 13.C Gunesli ~ 93 ( ) ENG 08:35 20.05.2022