Compared to Fiscal Policy, Monetary Policy Has a Much Shorter

question 165

Multiple Choice

Compared to fiscal policy, monetary policy has a much shorter:

• A) Recognition lag
• B) Administrative lag
• C) Operational lag
• D) Effects lag

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Definitions:

Strategy

A plan of action designed to achieve a long-term or overall aim.

Effectuating Approach

A strategic framework used in entrepreneurship that focuses on using available resources and means to achieve new goals, rather than setting goals first and then seeking resources.

Entrepreneur

An individual who creates, launches, and manages a new business venture, often taking on significant financial risks.

Pattern Recognition

The ability to identify and understand regularities, repetitions, or trends in data, situations, or physical objects.