The Implementation Lag for Fiscal Policy Tends to Be Much

question 257

Multiple Choice

The implementation lag for fiscal policy tends to be much longer than for monetary policy because fiscal policy requires

• A) changes in required reserves.
• B) changes in open-market operations.
• C) changes in congressional-approved spending and tax programs.
• D) changes in exports and imports.

---

Definitions:

Midrange

The statistical measure calculated by taking the average of the highest and lowest values in a data set.

Mode

The value that appears most frequently in a data set.

Sample Mean

The average value calculated from a sample, intended to estimate the population mean from which the sample was drawn.

Sample

A subset of a larger population selected for measurement or observation, intended to represent the larger group.