The Time It Takes for a New Economic Policy to Affect

question 215

Multiple Choice

The time it takes for a new economic policy to affect behavior in the economy is

• A) a recognition lag.
• B) an implementation lag.
• C) a response lag.
• D) none of the above

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Definitions:

Common-Interest Association

An organization formed by people who share a common interest or goal, often to advance a specific cause or interest group.

Hawaiian System

In kinship terminology, a system in which all relatives of the same sex and generation are referred to by the same kin term; also known as the generational system.

Unilineal Descent System

A system of kinship tracing descent exclusively through either the male or female line, but not both.

Descent System

A way of tracing kinship and inheritance through either the maternal or paternal line.