the economics of money, banking, and financial markets

793 "

© 2014 Pearson Canada Inc."

13. 
    

    The time it takes for policy makers to be sure of what the data are signaling about the future
    course of the economy is called ____.
    A) the data lag
    B) the recognition lag
    C) the legislative lag
    D) the implementation lag
    E) the effectiveness lag
    Answer: B
    Diff: 2 Type: MC Page Ref: 610
    Skill: Recall
    Objective List: 25.1 Discern between activist and non-activists views on monetary policy

    
    


14. 
    

    The time it takes to pass legislation to implement a particular policy is called ____.
    A) the data lag
    B) the recognition lag
    C) the legislative lag
    D) the implementation lag
    E) the effectiveness lag
    Answer: C
    Diff: 2 Type: MC Page Ref: 610
    Skill: Recall
    Objective List: 25.1 Discern between activist and non-activists views on monetary policy

    
    


15. 
    

    The time it takes for policy makers to change policy instruments once they have decided on
    the new policy is called ____.
    A) the data lag
    B) the recognition lag
    C) the legislative lag
    D) the implementation lag
    E) the effectiveness lag
    Answer: D
    Diff: 2 Type: MC Page Ref: 610
    Skill: Recall
    Objective List: 25.1 Discern between activist and non-activists views on monetary policy

    
    


16. 
    

    The time it takes for the policy actually to have an impact on the economy is called
    ____.
    A) the data lag
    B) the recognition lag
    C) the legislative lag
    D) the implementation lag
    E) the effectiveness lag
    Answer: E
    Diff: 2 Type: MC Page Ref: 611
    Skill: Recall
    Objective List: 25.1 Discern between activist and non-activists views on monetary policy