Examlex
Which of the following is not regarded as an instrument?
Aggregate Output
Aggregate Output is the total value of all goods and services produced in an economy over a given period of time.
Active Policy
A government policy aimed at reducing unemployment and stimulating economic growth through proactive measures like tax cuts or increased government spending.
Monetary Policy Lags
The delay between the implementation of monetary policy decisions and their effects on the economy, often complicating central bank efforts to control inflation and stimulate economic growth.
Fiscal Policy
Government policies related to taxation and spending that are intended to influence economic conditions.
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