The Operational Lag Seemingly Did Not Apply in the Case

The operational lag seemingly did not apply in the case of the 2003 tax cut because it took

A) several months in 2003 for Congress to agree on a tax cut package even after they had agreed on having one.
B) only a month or two from the passage of the 2003 tax cut to the issuance to rebate checks.
C) until Fall 2001 to recognize that the recession of 2001 had started January 2001.
D) until Summer 2003 to recognize that the recession of 2001 ended in December of 2001.

Correct Answer:

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