Evaluating Impacts and Timing Flashcards

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What is a time lag in supply-side policy?

The delay between starting a policy and seeing its full effect.

Education and training, and large transport or energy projects.

Deregulation and simpler rules for firms can work sooner.

Because the main problem is weak demand. These policies raise potential output, not spending now.

The LRAS curve shifts to the right.

By raising capacity and cutting costs, it can reduce inflation pressure.

It is what the government must go without, such as other public services.

The time needed to plan, approve, and start a policy.

The time between starting a policy and seeing results.

Set clear targets, measure outcomes like productivity and jobs, and compare benefits with costs.