What is an implementation lag?
A) the time it takes policymakers to decide what to do
B) the time it takes for the chosen policy to have its full impact on the economy
C) the time it takes to identify trouble in the economy and to assess its severity
D) the time it takes to introduce a change in monetary or fiscal policy

Question

What is an implementation lag?  
A) the time it takes policymakers to decide what to do 
B) the time it takes for the chosen policy to have its full impact on the economy 
C) the time it takes to identify trouble in the economy and to assess its severity 
D) the time it takes to introduce a change in monetary or fiscal policy

Quizplus · Accepted Answer

Implementation lag refers to the period required to introduce a change in monetary or fiscal policy, from the decision-making process to the actual application of the policy.

What Is an Implementation Lag