Which of the following is a problem in pursuing monetary policy?
A) Monetary policy must be approved by an Act of Parliament.
B) The lag between a change in the quantity of money and its effect on economic activity may be long.
C) The Reserve Bank announces all policy changes to the public.
D) The Reserve Bank cannot control the cash rate.
E) None of the above answers is correct.
Correct Answer:
Verified
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i. to
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