Which of the following statements about fiscal policy and time lags is most likely correct?

a. The time lag for fiscal policy is typically exactly the same as the time lag for monetary policy.
b. The time lag for fiscal policy is typically shorter than the time lag for monetary policy.
c. The time lag for fiscal policy is typically about the same as the time lag for monetary policy.
d.  The time lag for fiscal policy is typically longer than the time lag for monetary policy.

ANSWER:

D