Which of the following statements comparing fiscal policy with monetary policy as a means of attaining macroeconomic goals is the most accurate?
A)The effects of monetary and fiscal policy are both immediate.
B)The effects of monetary policy are certain and predictable, while the effects of fiscal policy are not.
C)The implementation of monetary policy is not slowed down by the same budgetary process as fiscal policy.
D)It takes a long time for fiscal policy to have an effect on the economy, but the effects of monetary policy are immediate.

Question

Quizplus · Accepted Answer

Monetary policy can be implemented more quickly because it does not require the lengthy legislative and budgetary processes that fiscal policy does.

Which of the Following Statements Comparing Fiscal Policy with Monetary