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Compare and contrast Lincoln's, Johnson's, and Congress's plans for Reconstruction. Cite what was included and what was omitted. Which program do you think was the best plan for the nation and the best plan for blacks in the South? Defend your choices.
Decision-making Lag
The delay between recognizing an economic issue and implementing policy actions to address it.
Recognition Lag
The time delay between when an economic problem arises and when it is officially recognized.
Implementation Lag
The time delay between when a policy or economic strategy is decided upon and when it is actually put into effect.
Effectiveness Lag
The delay between the time a policy measure is implemented and the time the measure has its intended effect on the economy.
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