The congressional meetings, discussions, arguments, debates over fiscal policy and the subsequent signing or vetoing by the president of a bill are part of the

a. political time lag.

b. recognition time lag.

c. action time lag.

d. effect time lag.

Option C: action time lag.

The Congressional meetings, discussions, arguments, debates over fiscal policy and the subsequent signing or vetoing by the President of a bill are part of the action time lag.

Explanation:

The action time lag is the time required between recognizing an economic problem and implementing policy to solve it. The action time lag is quite extensive for fiscal policy, as it requires congressional approval. All the Congressional meetings, discussions, arguments, debates over fiscal policy and the subsequent signing or vetoing by the President are all parts of the process.