If the U.S. Congress passes legislation to raise taxes to control inflation, what kind of policy is this? Group of answer choices A. Expansionary monetary policy B. Contractionary fiscal policy C. Contractionary monetary policy D. Expansionary fiscal policy

TOPIC: Monetary policy and the problem of inflationary and recessionary gaps NOTE: Everything you need will be in the picture. The fill in the blanks have the answer choices. Make sure to answer the graph.

How do fiscal and monetary policies compare in terms of timing?   a.     Decision and implementation of monetary policy are comparatively slow, but its effects occur relatively quickly. b.     Decision of fiscal policy is quick comparatively slow, but its implementation and effects occur rather slowly. c.     Decision and implementation of fiscal policy are comparatively slow, but its effects occur relatively quickly. d.     The decision, implementation and effects steps of monetary policy are always quicker than those of fiscal policy.

a. Which of the following are considered limitations of fiscal policy? Instructions: In order to receive full credit, you must make a selection for each option. For correct answer(s), click the box once to place a check mark. For incorrect answer(s), click the option twice to empty the box. ? implementation lag ? unemployment lag ? recognition lag ? liquidity lag ? legislative lag b. Which of the following are considered limitations of monetary policy? Instructions: In order to receive full credit, you must make a selection for each option. For correct answer(s), click the box once to place a check mark. For incorrect answer(s), click the option twice to empty the box. ? unemployment lag ? implementation lag ? recognition lag ?liquidity lag ? legislative lag