Long Lags Make Discretionary Policy Less Effective Because

Multiple Choice

Long lags make discretionary policy less effective because

A) in the long run,we shall all be dead
B) by the time the impact of a policy is felt,the problem it was meant to cure may have been corrected
C) lags are longer in contractions than in expansions
D) lags are longer in expansions than in contractions
E) automatic stabilizers are subject to longer lags than are discretionary policies