Economists estimate that if the Fedʹs policy was enacted in July 2004, the impact on the economy
A. will occur to its fullest extent within one month.
B. can be expected to stretch over one to two years.
C. will not be evident in the exchange rate market until 2005.
D. will reach its fullest extent, affecting real GDP, in three to six months.
Answer:B
Economists estimate that if the Fedʹs policy was enacted in July 2004, the impact on the economy
A. will occur to its fullest extent within one month. B. can be expected to stretch over one to two years. C. will not be evident in the exchange rate market until 2005. D. will reach its fullest extent, affecting real GDP, in three to six months.