With lags in monetary policy,an effective expansionary policy must be initiated many months ________ the start of the economic downturn it is intended to moderate,and this requires ________ economic forecasts.
A)before,generating accurate
B)before,ignoring
C)after,generating accurate
D)after,ignoring

Question

Quizplus · Accepted Answer

An effective expansionary policy must be initiated before the start of the economic downturn it is intended to moderate, which means "before" is the correct choice for the first blank. Additionally, this requires generating accurate economic forecasts, which makes "generating accurate" the correct choice for the second blank.

With Lags in Monetary Policy,an Effective Expansionary Policy Must Be