Refer to the information provided in Figure 29.1 below to answer the question(s) that follow. Figure 29.1
-Refer to Figure 29.1. Suppose it takes policy makers from time t₂ to time t₄ to take an action to stimulate the economy. This is an example of

Question

Refer to the information provided in Figure 29.1 below to answer the question(s) that follow.

Figure 29.1
-Refer to Figure 29.1. Suppose it takes policy makers from time t₂ to time t₄ to take an action to stimulate the economy. This is an example of

Quizplus · Accepted Answer

The time it takes for policy makers to implement their decisions is known as implementation lag, which is the time period between the initiation of a policy action and its actual effect on the economy.

Refer to the Information Provided in Figure 29