A government has found that5.5months elapse before it can identify a problem to address with a policy action. It has found that 2.5months are required to determine the appropriate policy action.Finally, it has concluded that the total time required between the initial presence of the problem and the effects of a policy action to be realized is15months. What is the remaining policy time lag and itsduration?

The5.5months that elapse before the problem can be identified is called the

a. recognition

b. action

c. effect

time lag. The2.5months between the recognition of the problem and the implementation of policy to solve it is called the

a. action

b. effect

c. recognition

time lag. The time it takes for the policy to affect the economy is called the

a. effect

b. action

c. recognition

time lag. Since the total time required between the initial presence of the problem and the effects of a policy action to be realized is15months, the duration of the effect time lag is______months.(Enteryour response rounded to one decimalplace.)