How does the implementation delay of monetary policy typically compare to that of fiscal policy?

Multiple choice question for Fiscal And Monetary Policy. Select an option, then review the explanation below.

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It is equal in duration to fiscal policy delays.It is significantly shorter than the delay for fiscal policy.It is considerably longer than the delay for fiscal policy.It has no connection to actions taken by the central bank.It varies independently without any consistent pattern.

Explanation

The time required to implement monetary policy is usually much shorter than that for fiscal policy because monetary policy decisions can be enacted swiftly by central banks, whereas fiscal policy involves legislative processes that take longer to execute.

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How does the implementation delay of monetary policy typically compare to that of fiscal policy?

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