Refer to the Information Provided in Figure 15

Multiple Choice

Refer to the information provided in Figure 15.1 below to answer the questions that follow.
Figure 15.1
-Refer to Figure 15.1.Suppose it takes policy makers from time t₂ to time t₄ to take an action to stimulate the economy.This is an example of

A) cyclical lag.
B) recognition lag.
C) implementation lag.
D) response lag.