Meaning and Types of Lags in Monetary Policy: One of the limitations of monetary policy in countercyclical manner is the existence of time lags. It takes time for the monetary authority to realise the need for action and its recognition, and the taking of action and the effect of the action on economic activity.
Triceratops is a genus of herbivorous ceratopsid dinosaur that first appeared during the late Maastrichtian stage of the late Cretaceous period, about 68 million years ago (mya) in what is now North America. It is one of the last known non-avian dinosaur genera, and became extinct in the CretaceousâPaleogene extinction event 66 million years ago. The term Triceratops, which literally means three-horned face, is derived from the Greek ÏÏÎ¯- (tri-) meaning three, ÎºÎ­ÏÎ±Ï (kÃ©ras) meaning horn, and á½¤Ï (ops) meaning face.
They made up the bulk of the herbivore population just before the end of the Cretaceous period. Triceratops had a skull that reached up 6 ft (2m) in length with three protective horns and a great frill of bone that served for muscle attachment to the neck as well as protection from predators. Triceratops had one short horn above its beak and two long, double-recurved brow horns (up to 3 ft/90 cm long). been used in mating rivalry and rituals. Its head with large eyes was almost one-third as long as its body (up to 10 ft/3 m long) and was the largest ever possessed by a land animal. Its tough beak was toothless, but Triceratops had many cheek teeth and powerful jaws.