The Implementation Lag Is

question 171

Multiple Choice

The implementation lag is

• A) usually less than 12 months.
• B) the time it takes policymakers to recognize a problem.
• C) the time it takes for a fiscal policy change to influence the economy.
• D) the shortest of the three fiscal policy lags.

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Definitions:

Behaviourism

A theoretical approach in psychology that emphasizes the study of observable behaviors over internal phenomena such as thoughts and feelings.

Gestaltism

A psychological theory that proposes that the human mind considers objects in their entirety before, or in parallel with, the perception of their individual parts, suggesting that the whole is greater than the sum of its parts.

Psychiatrists

Medical doctors who specialize in diagnosing, treating, and preventing mental, emotional, and behavioral disorders through various forms of therapy and medication.

Clinical Psychologists

Professionals specialized in diagnosing and treating mental illness, emotional disturbances, and dysfunctional behavior.