16. What lag in discretionary policy is described in each of thefollowing statements? Why do long lags make discretionary policyless effective?a.) The time from when the government determines that the economyis in recession until a tax cut is approved to reduceunemploymentb.) The time from when the money supply is increased until theresulting effect in the economy is leftc. The time from the start if a recession until the governmentidentifies the existence and severity of the recession.d.) The time from when the Fed decides to reduce the money supplyuntil the money supply actually declines.
This question was answered on: Sep 21, 2023
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