The Time It Takes for a New Policy to Register

question 11

Multiple Choice

The time it takes for a new policy to register its full impact on the economy after it has been put in force is known as the_____.

• A)activity lag
• B)decision-making lag
• C)effectiveness lag
• D)implementation lag
• E)recognition lag

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Definitions:

Sales

The total amount of goods or services sold over a specific period of time, generating revenue for a business.

Accounts Payable

Liabilities owed by a company to creditors for goods and services received but not yet paid for.

Capital Stock

The total number of shares that a corporation is authorized to issue as stated in its corporate charter.