An implementation lag happens because
A) it is easy to implement fiscal policy.
B) it is difficult to determine when the economy is turning up or down.
C) in most nations,one or more governing bodies must approve government spending or new tax policies.
D) it takes time for the complete effects of monetary and fiscal policy to materialize.
E) it is impossible to implement fiscal policy with a divided House of Representatives and Senate.

Question

Quizplus · Accepted Answer

Implementation lag occurs because government spending or new tax policies often require approval from one or more governing bodies, which can take time.

An Implementation Lag Happens Because