Above the equilibrium nominal interest rate, there is a surplus ...

[theo]

Above the equilibrium nominal interest rate, there is a surplus of money.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The effect lag occurs because it takes policymakers some time to recognize that a problem exists in an economy.
 a. True
  b. False
  Indicate whether the statement is true or false

[Eazy416]

Answer to Question 1

True

Answer to Question 2

False

[theo]

Thanks for the timely response, appreciate it

[meow1234]

TYSM