Compared to fiscal policy, monetary policy has a much shorter:
A) Recognition lag
B) Administrative lag
C) Operational lag
D) Effects lag

Name: Compared to fiscal policy, monetary policy has a much shorter: A) Recognition lag B) Administrative lag C) Operational lag D) Effects lag
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Question

Quizplus · Accepted Answer

Monetary policy has a shorter administrative lag because decisions can be made and implemented more quickly by central banks compared to the legislative process required for fiscal policy changes.

Compared to Fiscal Policy, Monetary Policy Has a Much Shorter