What is the relevance of Milton Friedmans phrase long and variable lags to this chapter?

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What is the relevance of Milton Friedman’s phrase “long and variable lags” to this chapter?

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Macroeconomics

ISBN: 978-0393923902

3rd edition

Authors: Charles I. Jones

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Question Posted: Feb 25, 2016 06:32 AM

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What is the relevance of Milton Friedmans phrase long and variable lags to this chapter?

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Friedmans statement means that the Fed cant use interest rate changes to perfectly offset each and e...View the full answer

Macroeconomics

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