A major problem in the conduct of macroeconomic policy is the time it takes to decide how to deal with the problem the economy is experiencing.

Question

Quizplus · Accepted Answer

This is true. The decision-making process for macroeconomic policy can be slow and involves many factors, such as political considerations and the gathering of data and analysis. This delay can sometimes exacerbate the economic problem, making a swift and effective response more difficult.

A Major Problem in the Conduct of Macroeconomic Policy Is