Which of the following is not a lag that affects the working of fiscal policy? A lag between

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Lags in fiscal policy typically include the recognition lag (time to identify a problem), decision lag (time to decide on action), and implementation lag (time for the action to have an effect). The lag between action being taken and expectations being formed is not typically considered a lag that affects the working of fiscal policy, as it relates more to psychological or market expectations rather than the procedural steps in implementing fiscal policy.

Which of the Following Is Not a Lag That Affects