Which of the following highlights the constraints of monetary policy actions?
Select one:
a. Monetary policy actions cause social unrest because they influence taxation.
b. Monetary policy actions cause the government to run a budget deficit in the
future.
O c. Monetary policy actions have lags because they do not directly stimulate
aggregate demand.
d. Monetary policy actions are ineffective because they have no effect on the real
interest rate in the financial market.
e. Monetary policy actions have some lags because they require the development
of the credit market.