Question 24 (0.5 points) Because of time lags associated with monetary policy this can lead to O a) short-term monetary policy to work more effectively than long-term targeting. ' O b) difficulty in the timing of appropriate policy and can even lead to destabilization. O c) an expansionary policy to have a smaller effect than what was expected by policymakers. Q d) monetary expansions to work very quickly but cause monetary contractions to work very slowly. 0 e) monetary policy to work in the opposite directidn to what was initially predicted by economists. Previous Page Page 24 of 79