The Time Between Implementation of a Macro-Policy Change and When

question 62

Multiple Choice

The time between implementation of a macro-policy change and when the change exerts its primary influence is called the

• A) impact lag.
• B) recognition lag.
• C) administrative lag.
• D) tax reform lag.

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Definitions:

Class Intervals

Specific ranges within a dataset that are used to group data into classes for the purpose of creating frequency distributions or histograms.

Histogram

A graphical representation of data using bars of different heights to show the frequency of data in adjacent intervals.

Distribution

In statistics, it describes how values of a variable are spread or distributed across different levels.

First Quartile

The first quartile is a statistical measure that divides a data set into four equal parts, representing the value below which 25% of the data falls.