The time it takes for a new economic policy to affect behavior in the economy is
A) a recognition lag.
B) an implementation lag.
C) a response lag.
D) none of the above

Name: The time it takes for a new economic policy to affect behavior in the economy is A) a recognition lag. B) an implementation lag. C) a response lag. D) none of the above
Brand: Quizplus
Rating: 4.7 (39 reviews)

Question

Quizplus · Accepted Answer

A response lag is the time it takes for the effects of a policy to be observed in the economy after its implementation.

The Time It Takes for a New Economic Policy to Affect