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Business, 02.07.2019 21:20 amontes189

After the federal reserve conducts an open-market purchase of bonds to increase the money supply, it takes time for banks to make new loans and even more time for the full multiplier effect to run its course. this illustrates the fact that the can make it difficult for economic policymakers to achieve their goals in an effective and timely manner. (a) recogonition lag (b) administration lag (c) impact lag.

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