Once a policy has been implemented, a period of time passes before the full impact of the policy registers on the economy.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

Once a policy has been implemented, a period of time passes before the full impact of the policy registers on the economy.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

This time lag is known as an effectiveness lag, which refers to the delay between when a policy is implemented and when its full effects are felt in the economy.

Once a Policy Has Been Implemented, a Period of Time