government has found that 4.0 months elapse before it can identify a problem to address with a policy action t has found that 4.0 months 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 is 13 months. What is the remaining policy time lag and its duration? The 4.0 months that elapse before the problem can be identified is called the time lag. The 4.0 months between the recognition of the problem and the implementation of policy to solve it is called the time lag. The time it takes for the policy to affect the economy is called the time lag Since the total time required between the initial presence of the problem and the effects of a policy action to be realized is 13 months, the duration of the effect time lag is months. (Enter your response rounded to one decimal place.)