Author Question: An implementation lag is the time it takes: a. for policy makers to decide what to do. b. for the ... (Read 123 times)

rachel9 · **on:** Jun 30, 2018

An implementation lag is the time it takes:
a. for policy makers to decide what to do.
b. for the chosen policy to have its full impact on the economy.
c. to identify trouble in the economy and to assess its severity.
d. to put a selected policy into action.
e. before a policy's effects on the economy are noticed by ordinary people.

Question 2

Suppose a recession surprises economic forecasters who did not see it coming. This is an example of a _____.
a. cyclical lag
b. recognition lag
c. decision-making lag
d. implementation lag
e. effectiveness lag