Which of the following is not a reason why after the Great Recession, when the recovery turned out to be very weak, economic policy in the U.S. had to turn forcefully toward ﬁscal policy?
A) Monetary policy suffered from cyclical asymmetry.
B) The banking system fell into a liquidity trap.
C) Interest rates had already been cut to very low levels.
D) There was a time lag implementing monetary policy.

Question

Quizplus · Accepted Answer

There was a time lag implementing monetary policy.

Which of the Following Is Not a Reason Why After