A Major Advantage of Monetary Policy Over Fiscal Policy Is

question 159

Multiple Choice

A major advantage of monetary policy over fiscal policy is that monetary

• A)policy affects all sectors of the economy equally.
• B)policy can be put into effect more quickly.
• C)policy, once implemented, takes effect more quickly.
• D)authorities see the need for policy more quickly.

---

Definitions:

Payoff Matrix

A tool used in game theory to show the potential outcomes of different strategies players might employ, including their associated rewards or costs.

Repeated Game

A strategic interaction (game) between two or more parties (players) that all parties know will take place repeatedly.

High-Price Strategy

A pricing strategy where goods or services are sold at a higher price point to suggest luxury or exclusivity, often maximizing profit from each sale.

Nash Equilibrium

A concept in game theory where no player can benefit by changing strategies while the other players keep their strategies unchanged.