The data lag is
A) the time it takes for policy makers to obtain data indicating what is happening in the economy.
B) the time it takes for policy makers to be sure of what the data are signaling about the future course of the economy.
C) the time it takes to pass legislation to implement a particular policy.
D) the time it takes for policy makers to change policy instruments once they have decided on the new policy.
E) the time it takes for the policy actually to have an impact on the economy.
Correct Answer:
Verified
Q22: The effectiveness lag is
A)the time it takes
Q23: To say that inflation is a monetary
Q24: If workers believe that government policymakers will
Q25: The time it takes for policy makers
Q26: The implementation lag is
A)the time it takes
Q28: The time it takes to pass legislation
Q29: The legislative lag represents
A)the time it takes
Q30: If workers do not believe that policymakers
Q31: The existence of lags prevents the instantaneous
Q32: Nonactivists of policies contend that a policy
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