Monetary policy does not usually work immediately.
Which time lag is likely to be the least concern to a government whose priority is a rapid domestic impact?
1 )
the time it takes for policymakers to recognise the cause of a problem
2 )
the time it takes for the economy to respond to the introduction of the policy
the time it takes for the foreign exchange rate to respond to the effect of the policy
4 )
the time it takes to put the chosen policy measure into place
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