Compared to Monetary Policy,fiscal Policy

question 11

Multiple Choice

Compared to monetary policy,fiscal policy

• A) has a shorter decision lag
• B) is used for more purposes and seeks to achieve more goals
• C) is a more flexible tool for stabilization
• D) is less likely to be offset by changes in household or firm behavior
• E) is not subject to as much information lag

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Definitions:

Uncertainty

The state of being unsure or having doubts.

Nonverbal Sensitivity

The ability to accurately encode (express) and decode (understand) nonverbal cues.

Social Competence

The ability to handle social interactions and relationships effectively, including communication and understanding social cues.

Academic Competence

The ability to achieve success in educational settings through skills like studying, learning, and problem-solving.