Monetary policy usually does not take effect at once. Which time lag is most likely to matter least to a government that wants a fast effect at home?
- Athe time it takes for policymakers to recognise the cause of a problem
- Bthe time it takes for the economy to respond to the introduction of the policy
- Cthe time it takes for the foreign exchange rate to respond to the effect of the policy
- Dthe time it takes to put the chosen policy measure into place