David and Christian Romer's Estimate of Monetary Policy's Current Effectiveness

question 133

Multiple Choice

David and Christian Romer's estimate of monetary policy's current effectiveness lag,defined as the time necessary for a policy change to have one-half its ultimate effect on GDP,is approximately ________ months.

• A)2
• B)6
• C)10
• D)19
• E)24

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Definitions:

Menstrual Cycle

A recurring cycle in female humans and some other mammals involving physiological changes in the reproductive system necessary for the possibility of reproduction.

Dominance

The state or condition of having power and influence over others, often seen in social hierarchies and interpersonal relationships.

Self-Esteem

The subjective evaluation of one's own worth or abilities.

University Cafeteria

A dining area within a college or university where students, faculty, and sometimes the public can eat.