The ________ lag of stabilization policy represents the time that is necessary to put the desired policy into effect once economists and policy makers recognize the need.
A) implementation
B) business cycle
C) response
D) recognition

Question

Quizplus · Accepted Answer

The implementation lag refers to the time it takes for policy makers to put the desired stabilization policy into effect after recognizing the need for it. The other choices - business cycle, response, and recognition - are not specific to this particular lag of stabilization policy.

The ________ Lag of Stabilization Policy Represents the Time That