What term refers to the time it takes for a new policy to register its full impact on the economy after it has been put in force?
A) decision-making lag
B) effectiveness lag
C) implementation lag
D) recognition lag

Question

What term refers to the time it takes for a new policy to register its full impact on the economy after it has been put in force?  
A) decision-making lag 
B) effectiveness lag 
C) implementation lag 
D) recognition lag

Quizplus · Accepted Answer

Effectiveness lag refers to the period between when a policy is implemented and when it has its full impact on the economy. This encompasses the time it takes for the policy measures to work through the economic system and produce the intended effects.

What Term Refers to the Time It Takes for a New