The time it takes for policymakers to obtain and to understand the data and to change the policy instrument based on that information is known as ________.
A) the data, recognition, and effectiveness lags, respectively
B) the recognition, data, and effectiveness lags, respectively
C) the data, recognition, and implementation lags, respectively
D) the recognition, implementation, and effectiveness lags, respectively
E) none of the above

Question

Quizplus · Accepted Answer

The correct sequence is data lag (time to obtain data), recognition lag (time to understand data), and implementation lag (time to change policy).

The Time It Takes for Policymakers to Obtain and to Understand