On the average, when monetary policymakers act, their actions will affect the economy
A)within 60 days
B)in 6 months or more.
C)instantaneously
D)only if there is a balanced budget

Question

Quizplus · Accepted Answer

Monetary policy operates with a lag, meaning that the effects of a decision may not be immediately felt in the economy. Typically, it takes around 6 months or more for the full impact of a monetary policy change to be realized.

On the Average, When Monetary Policymakers Act, Their Actions Will