The time it takes the Fed or Congress to change economic policy is
A) a recognition lag.
B) an implementation lag.
C) a response lag.
D) none of the above

Name: The time it takes the Fed or Congress to change economic policy is A) a recognition lag. B) an implementation lag. C) a response lag. D) none of the above
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Question

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The time it takes for the Fed or Congress to implement economic policy changes is known as an implementation lag.

The Time It Takes the Fed or Congress to Change