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.

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter16: Macro Policy Debate: Active Or Passive?

Section: Chapter Questions

Problem 3.4P

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Question

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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