The ________ lag for fiscal policy requires changes in congressional-approved spending and tax programs.
A) reorganization
B) response
C) implementation
D) recognition

Question

Quizplus · Accepted Answer

Fiscal policy is implemented through changes in spending and tax programs, which require time for Congress to approve and for the changes to take effect. This lag between the time fiscal policy is initiated and the time it actually goes into effect is called the implementation lag.

The ________ Lag for Fiscal Policy Requires Changes in Congressional-Approved