The Policy Effectiveness Lag Refers to the Time It Takes

question 7

Multiple Choice

The policy effectiveness lag refers to the time it takes for:

• A) the government to make up its mind about what to do.
• B) the government to discover the fluctuation in the economy.
• C) the economy to get back to full employment.
• D) the policy response to impact on economic activity.

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Definitions:

Symbols

Objects, signs, or representations that stand for or suggest something else by association, resemblance, or convention.

Words

Symbols or sounds that are used to represent objects, actions, thoughts, or feelings in communication.

Episodic Memory

The type of long-term memory that involves the recollection of specific events, situations, and experiences.

Procedural Memory

A type of long-term memory that involves the unconscious memory of skills and how to perform tasks.