Refer to the Information Provided in Figure 14

Multiple Choice

Refer to the information provided in Figure 14.1 below to answer the questions that follow. Figure 14.1
-Refer to Figure 14.1. If policy makers take an action at time t₄, the impact on the economy will not be at time t₄ because

A) economic policies are ineffective.
B) of the recognition lag.
C) of the implementation lag.
D) of the response lag.