1._________ (Inside/Outside) lags would be longer for the European Central Bank. 2.Compared to fiscal policy, the outside lag for monetary policy is longer for monetary policy. _________ (True/ False)...

1._________ (Inside/Outside) lags would be longer for the European Central Bank.

2.Compared to fiscal policy, the outside lag for monetary policy is longer for monetary policy. _________ (True/ False)

3. Current and future short-term interest rates can be _________ (increased/decreased) in order to reduce long-term interest rates.

4. The Fed directly controls long-term interest rates. _________ (True/False)