Compared to Fiscal Policy,the Monetary Policy Lag Between

question 23

Multiple Choice

Compared to fiscal policy,the monetary policy lag between

• A) the need for action and the recognition is shorter.
• B) the need for action and the recognition is longer.
• C) the recognition and the taking of action is longer.
• D) the taking of action and its effects is longer.
• E) the taking of action and its effects is shorter.

---

Definitions:

Peaks And Troughs

Describes the high and low points in economic, financial, or business cycles, indicating periods of maximum and minimum activity or value.

Real GDP

Gross Domestic Product adjusted for inflation, which reflects the value of all goods and services produced by an economy in a year, measured in constant prices.

Unemployed

Individuals who are capable of working and seeking work but are without jobs during the period of assessment.

Unemployment Insurance Benefits

Payments made by the government or a government-insured program to unemployed individuals who meet specific eligibility requirements.