The Implementation Lag for Monetary Policy Tends to Be Much

question 135

Multiple Choice

The implementation lag for monetary policy tends to be much shorter than for fiscal policy for all of the following reasons except

• A) fiscal policy changes requires both houses of Congress and the President to act.
• B) monetary changes only require the Fed to act.
• C) fiscal policy usually requires committee hearings in both houses of Congress.
• D) fiscal policy changes only require the Fed to act.

---

Definitions:

Fovea

A small depression in the retina of the eye where visual acuity is highest, due to the dense concentration of cones.

Periphery

The outer limits or edge of an area or object, often used to describe locations that are marginal or less central.

Thickness

A measurement of an object's dimension from one side to another, indicating how wide or deep the object is.

Optic Nerve

A crucial part of the eye and visual system, transmitting visual information from the retina to the brain.