Multiple Choice
Which of the following makes it more difficult for monetary policy makers to time policy changes correctly?
A) Monetary policy makers cannot act without congressional approval.
B) The primary effects of the policy change will not be felt for 6 to 15 months into the future.
C) The Board of Governors of the Federal Reserve System does not meet very often.
D) Monetary policy affects only the general level of prices; it exerts no impact on real variables such as output and employment.
Correct Answer:
Verified
Correct Answer:
Verified
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