Which of the Following Is Correct

question 168

Multiple Choice

Which of the following is correct?

• A)Policy lags are normally much shorter for fiscal policy than for monetary policy.
• B)Congress usually makes major fiscal policy changes in a fairly short period of time.
• C)Expenditure lags are much longer for investment, the main way in which monetary policy affects aggregate demand.
• D)Monetary policy affects aggregate demand more quickly than fiscal policy, such as tax or government spending changes.

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Definitions:

Landau Commission

A specific commission, potentially referring to a historical or organizational body, tasked with investigating or addressing particular issues. (Without further context, its specific mandate or origin cannot be precisely defined).

Consequentialist

A philosophy which judges the rightness or wrongness of an action based on the outcomes or consequences it produces.

Deontologist

An ethicist or philosopher who believes in deontology, a theory which asserts that the morality of an action is based on whether that action itself is right or wrong under a series of rules, rather than based on the consequences of the action.

Federal Crime

Illegal activities that violate federal laws and are prosecuted by the government of a country, rather than by individual states or local jurisdictions.