The Lag Between the Time at Which a Policy Is

question 96

Multiple Choice

The lag between the time at which a policy is put in place and the time that policy affects the economy is called

• A) the recognition lag.
• B) the impact lag.
• C) the implementation lag.
• D) the theoretical lag.

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Definitions:

Lowest Terms

The simplest form of a fraction, where the numerator and the denominator are reduced to their smallest values.

Arabic Numerals

A widely used numerical system that includes the digits 0 through 9, originated in India and later adopted by the Arab world.

Equivalent Fractions

Fractions that represent the same portion of a whole, even though they have different numerators and denominators.

Italicized Phrase

A portion of text that is slanted to the right to provide emphasis or distinction, commonly used for titles, foreign words, or terms being defined.