David and Christian Romer's estimate of monetary policy's current effectiveness lag,defined as the time necessary for a policy change to have one-half its ultimate effect on GDP,is approximately ________ months.
A)2
B)6
C)10
D)19
E)24

Question

Quizplus · Accepted Answer

The Romer's estimate of monetary policy's current effectiveness lag is approximately 19 months, as per the question statement. Therefore, the correct option is (D).

David and Christian Romer's Estimate of Monetary Policy's Current Effectiveness