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The time it takes for policy makers to be sure of what the data are signaling about the future
course of the economy is called ____.
A) the data lag
B) the recognition lag
C) the legislative lag
D) the implementation lag
E) the effectiveness lag
Answer: B
Diff: 2 Type: MC Page Ref: 610
Skill: Recall
Objective List: 25.1 Discern between activist and non-activists views on monetary policy
The time it takes to pass legislation to implement a particular policy is called ____.
A) the data lag
B) the recognition lag
C) the legislative lag
D) the implementation lag
E) the effectiveness lag
Answer: C
Diff: 2 Type: MC Page Ref: 610
Skill: Recall
Objective List: 25.1 Discern between activist and non-activists views on monetary policy
The time it takes for policy makers to change policy instruments once they have decided on
the new policy is called ____.
A) the data lag
B) the recognition lag
C) the legislative lag
D) the implementation lag
E) the effectiveness lag
Answer: D
Diff: 2 Type: MC Page Ref: 610
Skill: Recall
Objective List: 25.1 Discern between activist and non-activists views on monetary policy
The time it takes for the policy actually to have an impact on the economy is called
____.
A) the data lag
B) the recognition lag
C) the legislative lag
D) the implementation lag
E) the effectiveness lag
Answer: E
Diff: 2 Type: MC Page Ref: 611
Skill: Recall
Objective List: 25.1 Discern between activist and non-activists views on monetary policy