According to Baumol and Blinder, the Lag Between the Time

question 32

Multiple Choice

According to Baumol and Blinder, the lag between the time a policy is implemented and the time it affects aggregate demand is

• A)longer for fiscal than monetary policy.
• B)longer for monetary than fiscal policy.
• C)approximately equal for both.
• D)influenced mainly by the size of the multiplier.

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