An Implementation Lag Is

question 201

Multiple Choice

An implementation lag is

• A) the time it takes to see if that there has been a shock to the economy.
• B) the time it takes the Fed or Congress to change economic policy.
• C) the time it takes for a new economic policy to affect behavior in the economy.
• D) none of the above

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Definitions:

Natural Resource

Materials or substances such as minerals, forests, water, and fertile land that occur in nature and can be used for economic gain.