A. the time that it takes for policy makers to recognize the existence of boom of bust
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 the economy to adjust to the new conditions after a new policy has been implemented
Correct Answer: the time that it takes for the economy to adjust to the new conditions after a new policy has been implemented ✔
Last Updated: June 11, 2019