The Time Necessary for a Fiscal Policy Plan to Have

question 165

Multiple Choice

The time necessary for a fiscal policy plan to have an impact is called the:

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

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Definitions:

Uric Acid

A waste product formed from the breakdown of purines, excreted in urine.

Ammonia

A compound of nitrogen and hydrogen with the formula NH3, it is a colorless gas with a characteristic pungent smell and is used in many industrial processes.

Spiders

Arachnids distinguished by their ability to spin webs using silk produced from spinnerets at the rear of their abdomen.

Filtrate

The liquid that has passed through a filter, having had some of its particles removed in the process.