Which of the following scenarios is an example of a legislative lag? The economy enters a...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Which of the following scenarios is an example of a legislative lag? The economy enters a deep recession and Congress passes spending on public works that will take years to plan for and build. The economy enters a deep recession, and Congress takes two months to approve an extensive tax cut bill. The economy enters a deep recession on the same day that new quarterly data show positive economic growth. Which of the following scenarios is an example of a transmission lag? In response to a recession, Congress passes a spending bill for interstate highway upgrades that will take years to plan and complete. A new law requires that all new spending bills go through at least one month of debate before receiving a congressional vote. Policymakers obtain relevant economic data months after a recession has already begun. Which of the following scenarios is an example of a legislative lag? The economy enters a deep recession and Congress passes spending on public works that will take years to plan for and build. The economy enters a deep recession, and Congress takes two months to approve an extensive tax cut bill. The economy enters a deep recession on the same day that new quarterly data show positive economic growth. Which of the following scenarios is an example of a transmission lag? In response to a recession, Congress passes a spending bill for interstate highway upgrades that will take years to plan and complete. A new law requires that all new spending bills go through at least one month of debate before receiving a congressional vote. Policymakers obtain relevant economic data months after a recession has already begun.
Expert Answer:
Answer rating: 100% (QA)
1 Correct option a The economy is in deep recession and congress takes 2 months to appr... View the full answer
Related Book For
Taxes and Business Strategy A Planning Approach
ISBN: 9780132752671
5th edition
Authors: Myron Scholes, Mark Wolfson, Merle Erickson, Michelle Hanlon
Posted Date:
Students also viewed these accounting questions
-
Which of the following scenarios will qualify under Section 351 as a nontaxable corporate formation? For those that do not qualify, what requirement of Section 351 do they violate? a. Ginger, Mary...
-
Which of the following scenarios should be analyzed as paired data? a) Students take a MCAT prep course. Their before and after scores are compared b) 20 male and 20 females students in class take a...
-
Which of the following scenarios should be analyzed as paired data? a) Spouses are asked about the number of hours of sleep they get each night. We want to see if husbands get more sleep than wives....
-
You have the following frequency distribution of the Travel Time to work for residents in South Beach neighborhood. Please answer the questions that follow after the Frequency Table. Travel Time a....
-
Engstrom, Inc., uses 10,000 pounds of a specific component in the production of life preservers each year. Presently, the component is purchased from an outside supplier for $11 per pound. For some...
-
Describe the sets of points in space whose coordinates satisfy the given inequalities or combinations of equations and inequalities. a. y x 2 , z 0 b. x y 2 , 0 z 2
-
A machine is said to be reversible, if its efficiency is (a) equal to \(100 \%\) (b) less than \(50 \%\) (c) more than \(50 \%\) (d) equal to \(50 \%\)
-
St. Marks Hospital contains 450 beds. The average occupancy rate is 80% per month. In other words, on average, 80% of the hospitals beds are occupied by patients. At this level of occupancy, the...
-
After being business for 8 years, a customer gets scalded when a server accidentally spills hot espresso on them. The customer successfully sues your BizCafe for $200,000. How would this be handled...
-
Sgt. Barnes is a veteran police officer filing as Head of Household. Currently, her taxable income is $50,000, but has been asked to sit for the Leutenant's exam. She is excited about the opportunity...
-
On January 1, 2023 Birch Limited acquired equipment by signing a $40,000 note payable with a government lending agency. Related information includes: The $40,000 note payable must be paid in full at...
-
The five transactions that occurred during June, the first month of operations for Brown's Gym, were recorded as follows (excluding GST implications): Required: a Describe the five transactions that...
-
Carefully analyze the following types of selling positions: a. A territory selling position for a national manufacturer that requires the salesperson to provide customer service to a large number of...
-
Time management is an important part of a successful salespersons job. Using your search engine, examine the Internet for information on time management. Type time management + selling. Examine the...
-
Assume that you are a manager of a wholesale electrical supply business. Sales have increased to a level where you need to hire another salesperson. What sources can you use to recruit a good...
-
What is meant by property and equipment? At what amount is each item of property and equipment listed on the balance sheet?
-
A theater on Broadway recently increased the price of a ticket for a popular play by 2%. The attendance went down by 6%. What is the price elasticity of demand for tickets for this play? Is the price...
-
The Ferris wheel in the figure has a radius of 68 feet. The clearance between the wheel and the ground is 14 feet. The rectangular coordinate system shown has its origin on the ground directly below...
-
What types of transactions generate tax- deductible goodwill? How many acquisitions of freestanding C corporations, as a general rule, give rise to tax- deductible goodwill?
-
Why might an acquirer want to maintain a target company as a separate legal entity and not merge the target into one of its own subsidiaries or buy the targets assets?
-
What are the tax advantages of transferring Ts tax attributes to A? What transactional substitutes might T use to secure these advantages?
-
Find the heat transfer rate \(\mathrm{q}_{\mathrm{w}}\) at \(\mathrm{x}=10 \mathrm{~cm}\) and \(100 \mathrm{~cm}\) for the flat plate given in Problem 7.31. Problem 7.31 A flat plate of \(4...
-
Obtain the lift and propulsive force coefficients of an airfoil given in Example 8.6, and compare the results with Problem 8.30. Assume the profile pitches about midchord. Example 8.6 The NACA 0012...
-
What are the values of the feathering parameters for the airfoils given by Examples 8.5 and 8.6? Examples 8.5 Assume an airfoil pitching about its leading edge and plunging with \(k=0.35\) as follows...
Study smarter with the SolutionInn App