Which of the lags will increase if a new amendment requires that, in addition to Congress,...

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Which of the lags will increase if a new amendment requires that, in addition to Congress,...

Which of the lags will increase if a new amendment requires that, in addition to Congress, the federal budget has to be approved by the majority of the states.

Select one:

a. Recognition Lag

b. Quantitate Lag

c. Impact Lag

d. Legislative Lag

e. Classical Lag

business economics

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Answer 1

Answer #1

Solution: Legislative Lag

Explanation: Legislative Lag refers to the time it takes for policy makers to get a fiscal policy bill passed. Thus after policy makers decide that certain type of fiscal policy measure is needed, however requires to "pass" a plan is legislative lag

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Answer 2

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