The correct answer is:
can be implemented more quickly.
Monetary policy can typically be adjusted and implemented more rapidly than fiscal policy, which often requires legislative approval and a longer process to enact changes.
One of the strengths of monetary policy relative to fiscal policy is that monetary policy
Multiple Choice
can be implemented more quickly.
is subject to closer political scrutiny.
does not produce a net export effect.
entails a larger multiplier effect on real GDP.
1 answer