1. Which of the following definitions is INCORRECT? Group of answer choices Administrative lag: The time it takes to administer a policy Operational lag: outside lag: The time it takes for policy to be effective. Administrative lag: The time it takes for policy to be effective Recognition lag: the time it takes to recognize that a business cycle has started.
1. Which of the following definitions is INCORRECT? Group of answer choices Administrative lag: The time it takes to administer a policy Operational lag: outside lag: The time it takes for policy to be effective. Administrative lag: The time it takes for policy to be effective Recognition lag: the time it takes to recognize that a business cycle has started.
Chapter16: Macro Policy Debate: Active Or Passive?
Section: Chapter Questions
Problem 3.4P
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41. Which of the following definitions is INCORRECT?
Group of answer choices
Administrative lag: The time it takes to administer a policy
Operational lag: outside lag: The time it takes for policy to be effective.
Administrative lag: The time it takes for policy to be effective
Recognition lag: the time it takes to recognize that a business cycle has started.
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