Multiple Choice
Economists who support a monetary rule as opposed to an activist monetary policy believe that the effectiveness lag in monetary policy is
A) short and variable,policy changes affect AD quickly and are predictable.
B) zero,policy changes have an immediate effect on expenditures.
C) long and variable,policy changes affect AD slowly over time and are unpredictable.
D) long,but predictable.
Correct Answer:
Verified
Correct Answer:
Verified
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