Refer to the setup of 2 questions ago.  An increase in government spending would Group of answer choices A) cause a recession. B) increase real GDP in the long run, but not the short run. C) cause inflation in the short run. D) not increase real GDP in the short or long run because there would be complete crowding out. E) increase real GDP in the short run, but not the long run.

The time it takes for a policy to influence the economy once it has been enacted is called​ the: A. effectiveness lag. B. legislative lag. C. recognition lag. D. implementation lag. E. data lag.

A government is evaluating the effectiveness of a new tax policy. Economists collect data on tax rates, government revenue, and economic growth before and after the policy implementation. They use econometric methods to assess the policy's impact on economic indicators. This application of econometrics primarily serves to:A) Estimate policy impactB) Create new tax lawsC) Design government websitesD) Recruit government staff Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism.Answer completely and accurate answer.Rest assured, you will receive an upvote if the answer is accurate

Can you please answer question 48, please? No explanation needed. Thanks in advance.  48) The trade effect of Brexit for the UK is likely to be      A) a reduction in trade with the EU. B) either a reduction or an increase in trade between the UK and non-EU countries. C) a reduction in both inward and outward capital flows between the UK and the EU. D) A and B E) A, B and C