In Total, How Long Can the Lags Associated with Discretionary

question 110

Multiple Choice

In total, how long can the lags associated with discretionary policy extend?  

• A) from the time a problem occurs in the economy through to the time the problem is recognized by the government 
• B) from the time a problem is recognized by the government through to the time an agreed-on policy is approved 
• C) from the time a policy is implemented through to the time the policy's impact is felt in the economy 
• D) from the time a problem occurs in the economy through to the time a corrective policy has an impact on the economy

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Definitions:

Insanity

A legal term for a mental dysfunction so severe that it exempts individuals from legal responsibility for their actions.

Schizophrenia

A long-term mental disorder involving a breakdown in the relation between thought, emotion, and behavior, leading to faulty perception, inappropriate actions, and feelings.

Bipolar Disorder

A condition affecting mental health, defined by pronounced mood shifts from highs (mania or hypomania) to lows (depression).

Adaptive Behaviour

The collection of conceptual, social, and practical skills that people have learned to be able to function in their everyday lives.