Multiple Choice
Advocates of passive policy argue that because monetary and fiscal policy lags are:
A) short and fixed, these policies should not be used to offset shocks.
B) long and variable, these policies should not be used to offset shocks.
C) short and fixed these, policies should be used to offset shocks.
D) long and variable these, policies should be used to offset shocks.
Correct Answer:
Verified
Correct Answer:
Verified
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