Which of the Following Makes Timely and Appropriate Monetary Policy

question 30

Multiple Choice

Which of the following makes timely and appropriate monetary policy more difficult to determine?

• A)The fact that the FOMC meets only 8 times per year.
• B)The fact that there are lags in the policy process.
• C)The fact that there are 12 Federal Reserve Banks that have to each contribute to the formulation of monetary policy.
• D)All of the above are correct.