Why is the time lag for making fiscal policy changes longer than for making monetary policy changes?
Both monetary and fiscal policies face forecasting and lag problems, but the Fed can act more quickly than fiscal policies, which must make their way through the Legislative and Executive branches of government.
Economics
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A technological improvement can cause the production possibilities curve to shift outward because
A) it increases costs and contributes to lower production rates. B) maximum feasible outputs of both goods increase. C) production will fall, but jobs will be saved. D) it causes increases in unemployment.
Economics
An unemployment rate of 10% means that the employment rate is 90%.
Answer the following statement true (T) or false (F)
Economics