Monetary policy affects the economy with a lag mainly because it takes a long time a. for

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Monetary policy affects the economy with a lag mainly because it takes a long time

a. for central banks to make policy changes.

b. to change the money supply after a policy decision has been made.

c. for a change in the money supply to affect interest rates.

d. for a change in interest rates to affect investment spending.

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Essentials Of Economics

ISBN: 9780357723166

10th Edition

Authors: N. Gregory Mankiw

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