The effectiveness lag is the time between

A) the implementation of a policy and when the impact of the policy is felt.
B) the enactment of a policy and the implementation of the policy.
C) realizing a policy is needed and enacting the policy.
D) the occurrence of an event and policymakers realizing the event has occurred.

A

Economics

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A wage payment system in a firm incorporates a guaranteed wage with an incentive element, provided that a certain minimum level of output is achieved. Which of the above graphs represents such a system?




A. 1

B. 2

C. 3

D. 4

Economics

Neon Bank has $300 million in deposits. The required reserve ratio is 25%. Neon Bank must keep ________ in reserves.

A. $275 million B. $145 million C. $120 million D. $75 million

Economics