The Major Difference in the Efficacy of Monetary Policy Relative

question 69

Multiple Choice

The major difference in the efficacy of monetary policy relative to fiscal policy is

• A)the longer recognition lag for fiscal policy.
• B)the shorter recognition lag for fiscal policy.
• C)the longer legislative lag for fiscal policy.
• D)the longer data lag for fiscal policy.

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Definitions:

Prn

An abbreviation for "pro re nata," a Latin phrase meaning "as needed"; often used in prescriptions to indicate that medication should be taken as required.

Tincture

A solution where a solute is dissolved into alcohol, used primarily in medicine or herbalism.

Bid

An offer made by an individual or company to buy a good or service, or to perform a job at a specified price.

Tid

An abbreviation for "ter in die," which is Latin for "three times a day"; commonly used in medical prescriptions to indicate dosing frequency.