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Monetary Policy Produces Ripple Effects, Some of Which Happen Quickly

question 9

Multiple Choice

Monetary policy produces ripple effects, some of which happen quickly and some that can take years to produce change. Which of the following takes the longest to change?


Definitions:

Social Security Benefits

Payments made to qualified retirees and disabled people, and to their spouses, children, and survivors, funded by payroll taxes.

Medicaid

A government-funded program in the United States that provides health coverage to eligible low-income adults, children, pregnant women, elderly adults, and people with disabilities.

Conservative Theory

In economics, often refers to theories that prioritize free market principles, limited government intervention, and fiscal conservatism.

Charles Murray

An American political scientist, sociologist, and author known for his often controversial works on intelligence, social policy, and race.

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