Which of the following lags makes stabilization policy more problematic?

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All three lags (expenditure lags, recognition lags, and policy lags) make stabilization policy more problematic. Expenditure lags refer to the time it takes for households and businesses to adjust their spending in response to changes in economic conditions. Recognition lags refer to the time it takes for policymakers to recognize that the economy is in need of stabilization policy. Policy lags refer to the time it takes for the government to implement and enforce stabilization policies. All three of these lags can delay the effectiveness of stabilization policy, making it more difficult for policymakers to respond appropriately to changes in economic conditions.

Which of the Following Lags Makes Stabilization Policy More Problematic