The response lag of stabilization policy represents ?

A. the time that it takes for the economy to adjust to the new conditions after a new policy has been implemented

B. the time needed for parliament to agree to a tax cut.

C. the time that is necessary to put the desired policy into effect

D. the time that it takes for policy makers to recognize the existence of boom of bust

Found an error? Read our corrections policy and report it in the comments below.

Be the first to comment if anything wrong with this mcq
Your comment successfully submitted!
It will automatically posted after review and approval by our staff member.