The Outside Lag Is Defined as the Length of Time

Multiple Choice

The outside lag is defined as the length of time it takes

A) to recognize whether a disturbance is permanent or temporary
B) to come up with the appropriate policy response to a disturbance
C) to account for the recognition, decision, and action lags
D) for a policy to affect the economy after its implementation
E) for the public to form expectations about a newly announced policy change