The major difference between the lag in monetary policy versus the lag in fiscal policy stems from the
A)data lag.
B)legislative lag.
C)recognition lag.
D)transmission lag.

Question

Quizplus · Accepted Answer

Legislative lag is more significant in fiscal policy because it involves government decisions on spending and taxation, which require approval from various branches of government and can be time-consuming. Monetary policy, managed by central banks, can be adjusted more swiftly without the need for legislative approval.

The Major Difference Between the Lag in Monetary Policy Versus