Of the Five Time Lags That Prevent a Discretionary Policy

question 47

Multiple Choice

Of the five time lags that prevent a discretionary policy from returning aggregate output to full employment instantaneously,two do not slow the effectiveness of monetary policy-the

• A)implementation and effectiveness lags.
• B)legislative and effectiveness lags.
• C)legislative and implementation lags.
• D)recognition and effectiveness lags.

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