The ________ lag for monetary policy tends to be much shorter than for fiscal policy because only monetary policy requires rather immediate changes in open market operations.
A) recognition
B) implementation
C) response
D) reorganization

Question

Quizplus · Accepted Answer

The lag for monetary policy tends to be much shorter than for fiscal policy because only monetary policy requires rather immediate changes in open market operations. Therefore, the best choice is B) implementation which refers to the time it takes for policy changes to take effect.

The ________ Lag for Monetary Policy Tends to Be Much