Which of the Following Best Describes the Impact Lag

question 1

Multiple Choice

Which of the following best describes the impact lag?

• A)the time it takes for policymakers to recognize that economic conditions have changed and that a policy change is necessary
• B)the time that elapses from when the need for action is recognized to when the policy adjustment is enacted
• C)the time from when the policy action is taken until there is a significant effect on the economy
• D)None of the above is correct.

---

Definitions:

BATNA

Best Alternative To a Negotiated Agreement; the best course of action if negotiations fail.

Bottom Line

The ultimate sum of an account, balance sheet, or financial outcome, frequently alluding to a corporation's net earnings or gain.

Anne Mulcahy

Former CEO of Xerox Corporation, known for leading the company through a successful turnaround.

Reactive

A response or behavior characterized by action taken after the fact, responding to events or situations rather than initiating or preventing them.