In most nations,one or more governing bodies must approve government spending or new tax policies.This causes ___________ between setting fiscal policy and seeing its effects.

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An implementation lag is the delay between the time a fiscal policy is determined and the time it is actually put into operation. In this case, the governing bodies must approve government spending or new tax policies, which may lead to a delay in implementing the policy. This delay causes an implementation lag between setting fiscal policy and seeing its effects.

In Most Nations,one or More Governing Bodies Must Approve Government