Compared to fiScal Policy, Monetary Policy Has a Much Shorter

question 320

Multiple Choice

Compared to fiscal policy, monetary policy has a much shorter

• A) recognition lag.
• B) administrative lag.
• C) operational lag.
• D) effects lag.

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Definitions:

Operant Conditioning

A learning process by which the consequences of an action affect the likelihood of its occurrence in the future, central to behavioral psychology.

Imitation

The action of using someone or something as a model and attempting to replicate their behavior, actions, or attributes.

Operant Conditioning

A teaching mechanism in which the intensity of an action is altered through positive reinforcement or negative consequences.

Classical Conditioning

An educational method where a response becomes conditioned by pairing an external trigger with an inherently occurring trigger, resulting in conditioned behavior.