12. Of the following reasons why fine-tuning the economy is not likely to be successful, which one involves the difficulty of crafting and assembling a political consensus around a set of measures to counteract the economy's shift in direction?     a) Recognition lag     b) Policy lag     c) Implementation lag     d) Impact lag     e) None of the above

1. Suppose the economy has fallen into a recession (output level ?0), and the federal government wants to return the economy to its original level of output (?). Respond to each of the following questions using appropriate diagrams and explanations.(a) If policy makers can only use fiscal tools, what should they do?(b) If policy makers can only use monetary tools, what should they do? (c) What should they do if they want to return output to its original level but keep investment from changing?

24.

Provide solutions to all parts.....

I need help soon as possible can you do the Keynesian cross model on this

Refer to the information provided in Figure 15.1 below to answer the questions that follow. M 5 A) recognition lag. C) implementation lag. 4 12 13 4 15 16 17 18 Time Figure 15.1 22) Refer to Figure 15.1. If the economy is actually at Point C but policy makers think that it is still at 22) Point B, this is an example of B) response lag. D) economic policies ineffectiveness.

Since what happens at the macro level is different than what happens at the micro level (macroeconomic externalities), in the Keynesian perspective... a. the government should be responsible for influencing aggregate demand and let prices and wages be set mostly by markets b. the government should be responsible for setting prices and wages throughout the economy but let aggregate demand be determined by markets c. the government should be responsible for influencing aggregate demand and setting prices and wages

97) You observe that unplanned inventories are increasing. You predict that there will be ________. A) a business cycle B) an expansion C) a trough D) a recession 98) Business cycle turning points are A) unaffected by, and unrelated to the multiplier. B) easy to predict. C) brought about by changes in autonomous expenditures that are then subject to the multiplier effect. D) None of the above is correct. 99) Which of the following does NOT occur as the economy moves from an expansion to a recession? A) An initial decrease in autonomous spending is the trigger that creates the business cycle turning point. B) The change in planned spending exceeds the change in real GDP. C) The multiplier process reinforces any decrease in spending and pushes the economy into recession. D) Incomes fall during recessions as firms cut production in response to unplanned increases in inventories. 100) Which of the following is INCORRECT? A) Expansions usually begin…

An appropriate fiscal policy response to a recession would be to decrease which of these?   Question 9 options: A.) the money supply B.) nominal interest rates C.) government spending D.) the personal income tax rate

Explain the Coase Theorem and its implication towards our economy