The time it takes for a policy to influence the economy once it has been enacted is called​ the: A. effectiveness lag. B. legislative lag. C. recognition lag. D. implementation lag. E. data lag.

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A legislative lag is defined as Select the correct answer below: the time it takes to pass a bill the time it takes for a government action to have an effect on the recession the time it takes to hire/elect new government workers O the time a recession is identified Content attribution FEEDBACK

A government is evaluating the effectiveness of a new tax policy. Economists collect data on tax rates, government revenue, and economic growth before and after the policy implementation. They use econometric methods to assess the policy's impact on economic indicators. This application of econometrics primarily serves to:A) Estimate policy impactB) Create new tax lawsC) Design government websitesD) Recruit government staff Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism.Answer completely and accurate answer.Rest assured, you will receive an upvote if the answer is accurate