Monetary policy produces ripple effects, some of which happen quickly and some that can take years to produce change. Which of the following takes the longest to change? The

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The inflation rate typically takes the longest to change in response to monetary policy adjustments. This is because it involves a wide array of economic activities and prices across the economy, and it takes time for monetary policy changes to filter through the economy and affect the general price level.

Monetary Policy Produces Ripple Effects, Some of Which Happen Quickly