Suppose that the president of a small island nation has decided to increase government spending by constructing three beach reso
rts to attract tourists. The legislation was enacted without any delay. From here, planning will take 6 months and construction will take 2 months. Which of the following is true? Choose one: A. This policy is contractionary. B. The Laffer curve would be used to recommend this policy. C. The planning and construction of the resorts represent a recognition lag of this policy. D. This policy shows an example of automatic stabilizers taking effect. E. The planning and construction of the resorts represent an impact lag of this policy.
The planning and construction of the resorts represent an impact lag of this policy.
Explanation:
Whereas the legislation was enacted without any delay but planning takes six months and construction taking 2 months, it means the policy has a lag. Therefore, option E, the planning and construction of the resorts represent an impact lag of this policy.
Mechanical engineering is an engineering discipline that combines engineering physics and mathematics principles with materials science to design, analyze, manufacture, and maintain mechanical systems.
Heat transfer rate to an object is equal to the thermal conductivity of the material the object is made from, multiplied by the surface area in contact, multiplied by the difference in temperature between the two objects, divided by the thickness of the material.
