The Inside Lag of Macroeconomic Policy Is The

The outside lag of macroeconomic policy is the: A)time between a shift in aggregate demand and a shift in aggregate supply. B)delay between when a policy change is needed and the policy is implemented. C)difference between actual inflation and the target rate of inflation. D)delay between when a policy change is implemented and when most of the effects of policy have occurred in the economy.

The time between when Federal Reserve policymakers decide to close an output gap and when they act to change the fed funds rate is an example of: A)the outside lag in macroeconomic policy. B)a structural policy change. C)anchoring inflationary expectations. D)the inside lag in macroeconomic policy.