An implementation lag is the time it takes:

A) for policy makers to decide what to do.
B) for the chosen policy to have its full impact on the economy.
C) to identify trouble in the economy and to assess its severity.
D) to put a selected policy into action.
E) before a policy's effects on the economy are noticed by ordinary people.

Implementation Lag

The delay between the decision to enact a policy and the time the effects of the policy are observed in the economy.

Policy Makers

Individuals or groups responsible for making decisions and setting policies at various levels of government or within organizations, aimed at achieving specific goals.

Full Impact

The total effect or outcome of an action or event, especially after all consequences have been fully realized.