An implementation lag is the time it takes: a. for policy makers ...

[rachel9]

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

[EAN94]

Answer to Question 1

d

Answer to Question 2

b

[rachel9]

YES! Correct, THANKS for helping me on my review

[mcabuhat]

Thanks for the timely response, appreciate it