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The ________ Lag Represents the Time It Takes to Pass

question 57

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The ________ lag represents the time it takes to pass legislation to implement a particular (fiscal) policy,while the ________ lag is the time it takes for policymakers to change policy instruments once they have decided on the new policy.


Definitions:

Descent Group

A social group whose members talk about common ancestry through a line of descent that could be maternal, paternal, or both.

Patrilineal Descent

A system of lineage tracing in which an individual's family identity and inheritance are determined by the line of their father.

Patriline

A system of lineage or inheritance in which descent and inheritance rights are passed through the father's line.

Paternal Grandfather

The father of one's father, a direct male ancestor on the paternal side.

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