In the conduct of macroeconomic policy, what are the four lags that complicate the timing of the policy's implementation?

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The four lags that complicate the timing of macroeconomic policy implementation are the recognition lag (time taken to realize a change in the economy), decision-making lag (time taken to decide on a policy), implementation lag (time taken to implement the policy), and effectiveness lag (time taken for the policy to take effect). Choice C correctly lists all four lags.

In the Conduct of Macroeconomic Policy, What Are the Four