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Title: The implementation lag for fiscal policy is longer than for monetary policy because Post by: jus10n on Apr 28, 2019 Question 1. If the government spending multiplier were 3.5, a $2 billion decrease in government spending would lower GDP by ▸ $70 billion after one year. ▸ $2 billion after two years. ▸ $1.5 billion after one year. ▸ $7 billion after one year. Question 2. The implementation lag for fiscal policy is longer than for monetary policy because ▸ it takes longer for the Fed to act than Congress. ▸ it takes longer for Congress to act than the Fed. ▸ fiscal policy changes more quickly affect behavior than monetary policy changes. ▸ monetary policy changes more quickly affect behavior than than fiscal policy changes. Title: The implementation lag for fiscal policy is longer than for monetary policy because Post by: Woo on Apr 28, 2019 Content hidden
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