Which of the following definitions is INCORRECT? Group of answer choices Administrative lag: The time it takes for policy to be effective Recognition lag: the time it takes to recognize that a business cycle has started. Administrative lag: The time it takes to administer a policy Operational lag: outside lag: The time it takes for policy to be effective.

The correct answer is letter "A": Administrative lag: The time it takes for policy to be effective.

Explanation:

Fiscal policy refers to the actions a government takes to adjust expenditures and taxes keeping on track the progress of the economy. There is a gap between the time when the fiscal policy is recognized and implemented. Those lags could be:

Administrative lag refers to the delay in taking action after the fiscal policy has already been recognized. Operational lag is the time it takes from implementing the fiscal policy and perceive a change in production, employment, and the price level.

Therefore, administrative lag is not the time or a policy to be effective. Operational lag is.

i believe the answer is: streets and roads

public property refers to the property that can be used by all legal citizens in a certain country. the public property was created and maintain using the government budget that allocated specifically for it. the budget itself come from the citizen's income tax payment.

answercombination of ability and experience of the partners;