The time required _____ is not a time lag associated with using discretionary policy to correct an economic problem.
A)to recognize the problem
B)to decide how to handle the problem
C)to set a policy change in action
D)for a policy to affect economic variables
E)to observe public reaction after a policy announcement is made

Question

Quizplus · Accepted Answer

The time required to observe public reaction after a policy announcement is made is not considered a time lag associated with using discretionary policy to correct an economic problem. The other options (A to D) represent various stages of the policy implementation process that involve inherent delays, such as recognizing the problem, deciding on a response, enacting the policy, and waiting for the policy to have an effect on the economy. Observing public reaction is more of a post-implementation activity and does not directly contribute to the delays in addressing economic problems with discretionary policy.

The Time Required _____ Is Not a Time Lag Associated