Fiscal policy usually takes months, or longer, to develop and approve.What is this time lag known as?
A) as a decision-making lag
B) as an implementation lag
C) as an effectiveness lag
D) as a recognition lag

Question

Fiscal policy usually takes months, or longer, to develop and approve.What is this time lag known as?  
A) as a decision-making lag 
B) as an implementation lag 
C) as an effectiveness lag 
D) as a recognition lag

Quizplus · Accepted Answer

The decision-making lag refers to the time it takes for policymakers to identify the need for action, develop a plan, and get it approved.

Fiscal Policy Usually Takes Months, or Longer, to Develop and Approve.What