Which of the Following Illustrates the Effectiveness Lag

question 3

Multiple Choice

Which of the following illustrates the effectiveness lag?

• A) Policymakers believe an economic downturn has occurred,but they decide not to take action until they are sure.
• B) Policymakers are in the process of proposing policy measures to deal with the current economic slowdown.
• C) Policymakers first learn of the recession when it is five months old.
• D) Policymakers implement policy X,but it will be a few months before it starts working.
• E) Policymakers agree to policy X,but it will be at least two months before the policy is implemented.

---

Definitions:

A Theory of Justice

This is a seminal work by philosopher John Rawls, proposing principles of justice that would lead to a fair and equitable society.

Basic Structure

The fundamental organization or framework of a system, theory, or concept.

Totality

Refers to the whole of something or a situation being considered in its entirety.

Rawls

A philosopher known for his theory of justice as fairness, emphasizing the principles that society should be structured under.