Which of the Following Is True of Lags Associated with Discretionary

Multiple Choice

Which of the following is true of lags associated with discretionary policy?

A) Such lags extend only from the time a problem occurs in an economy to the time it is recognized by the government.
B) Such lags extend only from the time a problem is recognized by the government to the time an agreed-on policy is approved of.
C) Such lags extend only from the time a policy is approved to the time the policy is implemented.
D) Such lags can be reduced by taxation.
E) Such lags extend only from the time a problem occurs in an economy to the time a corrective policy has an impact on the economy.