Data indicate that the economy's response to monetary policy became noticeably weaker and more stretched out during
A)1961-75.
B)1976-90.
C)1991-2007.
D)None of the above.The response has grown stronger and shorter.

Question

Quizplus · Accepted Answer

The period from 1991 to 2007 is characterized by a noticeable weakening and elongation in the economy's response to monetary policy, partly due to structural changes in the economy and financial system, including globalization, technological advancements, and changes in financial regulation.

Data Indicate That the Economy's Response to Monetary Policy Became