An implementation lag is
A) the time it takes to see if that there has been a shock to the economy.
B) the time it takes the Fed or Congress to change economic policy.
C) the time it takes for a new economic policy to affect behavior in the economy.
D) none of the above

Question

Quizplus · Accepted Answer

An implementation lag refers to the delay between when a need for a policy change is recognized and when the policy is actually implemented by institutions like the Federal Reserve or Congress.

An Implementation Lag Is