The Time It Takes for Policy Makers to Change Policy

question 39

Multiple Choice

The time it takes for policy makers to change policy instruments once they have decided on the new policy is called

• A)the data lag.
• B)the recognition lag.
• C)the legislative lag.
• D)the implementation lag.
• E)the effectiveness lag.

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Definitions:

Commercial Paper

An unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts receivable, inventories, and meeting short-term liabilities.

Simple Interest

Interest calculated only on the principal amount, or on that portion of the principal amount that remains unpaid.

Honda Canada Finance

The financial service arm of Honda in Canada, offering financing options for purchasing Honda vehicles, including loans and leases.

Simple Interest

Interest calculated only on the original amount of money borrowed or invested, without compounding.