There will typically be a significant time lag between the need for Blank______ action is recognized and the time action is taken.

Question

Multiple choice question.

fiscal

operational

administrative

monetary

Answer 1

The best answer for the sentence is "fiscal."

So the complete sentence would read: "There will typically be a significant time lag between the need for fiscal action is recognized and the time action is taken."

This reflects the reality that changes in fiscal policy (like taxation and government spending) often take time to be recognized, debated, and implemented.