An implementation lag is the time it takes:
A)for policy makers to decide what to do.
B)for the chosen policy to have its full impact on the economy.
C)to identify trouble in the economy and to assess its severity.
D)to put a selected policy into action.
E)before a policy's effects on the economy are noticed by ordinary people.

Question

Quizplus · Accepted Answer

Implementation lag refers to the delay between the time a policy is chosen and the time it is actually put into action. Therefore, the best choice is D which specifically relates to the delay in implementing a policy. The other options may be related to different types of lags, but not implementation lag.

An Implementation Lag Is the Time It Takes