Monetary stimulus requires about __________ for its full effect to be felt.
A. 6 to 12 months
B. 18 to 24 months
C. 12 to 18 months
D. 3 to 6 months
Answer: C
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Figure 5-5 shows a consumer budget line for French fries and hamburgers. If the household has $20 to spend, the price of hamburgers is
A. $1. B. $2. C. $4. D. $2.50.
What is meant by capital stock?
What will be an ideal response?
Economists use ________ to forecast economic activity and to evaluate policy options
A) macroeconometric models B) educated guesses C) cost-benefit analysis D) constrained discretion
How does a reduction in the price level affect the position of the C + I + G + X curve and in turn the equilibrium level of real GDP?
A) The C + I + G + X curve shifts down, thereby reducing the equilibrium level of real GDP. B) The C + I + G + X curve shifts down, thereby increasing the equilibrium level of real GDP. C) The C + I + G + X curve shifts up, thereby reducing the equilibrium level of real GDP. D) The C + I + G + X curve shifts up, thereby increasing the equilibrium level of real GDP.