Final answer:
Administrative lag and operational lag (impact lag) are examples of implementation lags in fiscal policy. These lags represent the time needed to administer and enact policy changes and the delay before the policy's effects are felt in the economy.
Step-by-step explanation:
When discussing fiscal policy management in the economy, several types of lags can delay its implementation and effectiveness. In this case, examples of implementation lags include the administrative lag and the operational lag.
An administrative lag occurs once fiscal policy changes are decided upon, but there is a delay in the actual administrative process of putting these changes into practice. This includes steps such as passing bills through congress, presidential signing, and finally, the dispersal of funds to relevant agencies. On the other hand, an operational lag, also known as an impact lag, is the time between the policy's implementation and the resulting effects on the economy.
The other lags mentioned, such as the recognition lag and legislative lag, are not types of implementation lags but are instead stages that occur before a policy is enacted. The recognition lag refers to the time needed to identify that an economic problem exists, and the legislative lag refers to the time required to pass a fiscal policy bill.