The time it takes for a new policy to register its full impact on the economy after it has been put in force is known as the_____.

A) activity lag
B) decision-making lag
C) effectiveness lag
D) implementation lag
E) recognition lag

The effectiveness lag refers to the time it takes for a new policy to have its full impact on the economy. This is different from the other options, which refer to different stages in the policy-making process. The activity lag refers to the time it takes for policymakers to recognize the need for a policy and take action. The decision-making lag refers to the time it takes for policymakers to make a decision on what policy to implement. The implementation lag refers to the time it takes for the policy to be put into action. The recognition lag refers to the time it takes for policymakers to recognize changes in the economy.