Question

what are the lags in macro economics policies? how do they more effect monetary or fiscal policy and why?

Answer 1

Answer:

There are four main types of policy lags: Recognition lag is the amount of time it takes for fiscal or monetary authorities to recognize a problem in the economy. Implementation lag is the amount of time it takes for fiscal and monetary policy decisions to be implemented.

Explanation:

Generally speaking, the aim of most government fiscal policies is to target the total level of spending, the total composition of spending, or both in an economy. ... In comparing the two, fiscal policy generally has a greater impact on consumers than monetary policy, as it can lead to increased employment and income.  Hope it helps you  dear