The ________ Lag for Monetary Policy Tends to Be Much

question 118

Multiple Choice

The ________ lag for monetary policy tends to be much shorter than for fiscal policy because only monetary policy requires rather immediate changes in open market operations.

• A) recognition
• B) implementation
• C) response
• D) reorganization

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Definitions:

Transducer

A device that converts one form of energy into another, widely used in various applications, including in sensors and audio technology.

Eardrum

A thin membrane that vibrates in response to sound waves, playing a key role in the process of hearing.

Jnd

Just noticeable difference; the minimum change in stimulation required to detect a difference between two stimuli.

Hair Cells

Sensory cells located in the inner ear that are essential for hearing and balance, converting mechanical sound vibrations into nerve impulses.