lags in the policy-making process come from: multiple choice lack of understanding the current state of the economy. the process of deciding on and passing legislation. the time it takes for policy to have an impact on the economy. all of these are true.

The time it takes for policy to have an impact on the economic effect.Response lag refers to the amount of time that elapses before an economic impact of a change in monetary or fiscal policy is felt.

These types of policies are usually implemented in response to an adverse economic impact or to boost the economy during a specific phase of the economic cycle.Discretionary fiscal policy occasionally experiences lags or delays because.

It takes time to choose and put into effect a policy that will be beneficial to the economy. Non-discretionary fiscal policy refers to existing rules governing expenditure and taxes that remain indefinitely in force and that contribute to the regulation of the economy.

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