The Implementation Lag Is

question 9

Multiple Choice

The implementation lag is

• A)the time it takes for policy makers to obtain data indicating what is happening in the economy.
• B)the time it takes for policy makers to be sure of what the data are signaling about the future course of the economy.
• C)the time it takes to pass legislation to implement a particular policy.
• D)the time it takes for policy makers to change policy instruments once they have decided on the new policy.
• E)the time it takes for the policy actually to have an impact on the economy.

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Definitions:

Odometer

A device used in vehicles to measure and display the total distance the vehicle has traveled.

Rescind

To revoke, cancel, or repeal a contract, agreement, or law.

Agreement

A mutual understanding or arrangement between two or more parties, typically involving a contract or commitment.

Altered

Changed in form or character, typically in a way that improves or modifies the original.