The major difference in the efficacy of monetary policy relative to fiscal policy is
A)the longer recognition lag for fiscal policy.
B)the shorter recognition lag for fiscal policy.
C)the longer legislative lag for fiscal policy.
D)the longer data lag for fiscal policy.

Question

Quizplus · Accepted Answer

The major difference in the efficacy of monetary policy relative to fiscal policy is the longer legislative lag for fiscal policy. This is because fiscal policy changes often require approval through a legislative process, which can be time-consuming.

The Major Difference in the Efficacy of Monetary Policy Relative