Answer: implementation lag
Explanation:
The implementation lag is Implementation lag is the delay between an macroeconomic event that has an adverse effect on the economy and the implementation of either a fiscal or a monetary policy to correct the situation by the central bank or the government.
Once the government passes a bill to respond to a recession, it takes some time to disperse the funds to the appropriate agencies to start the programs. Economists call this time to start the projects the implementation lag.
