Compared to the 1960s,the effectiveness lag is ________ due to ________.
A)shorter,changes in fiscal policy
B)longer,structural changes in the economy
C)shorter,deregulation
D)longer,increased sensitivity of consumer spending to interest rates

Question

Quizplus · Accepted Answer

The effectiveness lag, which is the time it takes for fiscal policy to have an impact on the economy, is longer due to structural changes in the economy. The economy has become more complex, with a greater number of industries and a greater integration with the global economy, so it takes longer for changes in policy to make an impact.

Compared to the 1960s,the Effectiveness Lag Is ________ Due to ________

Compared to the 1960s,the Effectiveness Lag Is Due to