The major difference in the efficacy of monetary policy relative to fiscal policy
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

Fiscal policy typically has a longer legislative lag because it requires approval from the legislative branch, which can be a time-consuming process.

The Major Difference in the Efficacy of Monetary Policy Relative