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 t₄ to time t₇ 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 t₄ to time t₇ to take an action to stimulate the economy. This is an example of

Quizplus · Accepted Answer

Implementation lag refers to the time it takes for policy actions to be put into effect. In this case, it takes policy makers three years (from t₄ to t₇) to implement the action to stimulate the economy.

Refer to the Information Provided in Figure 29