Which of the Following Is True

Multiple Choice

Which of the following is true?

A) The policy lag refers to the time that elapses from the point when a significant and unexpected change in the economy's performance occurs to when policymakers recognize that such a change has occurred.
B) Most recently the Fed has emphasized the use of one or more of the monetary aggregates as an operating target.
C) Policymakers put more emphasis on economic forecasts than on incoming data because incoming data are often revised.
D) The comparison between the economy's expected performance and policymakers' policy goals guide monetary policy actions.