The problem of getting an accurate reading on current economic developments is known as the
A) data problem.
B) recognition lag.
C) impact lag.
D) information problem.

Question

Quizplus · Accepted Answer

The problem of getting an accurate reading on current economic developments is referred to as the recognition lag, which is the time it takes for economic indicators to be recognized and reported. Option A is not specific enough, option C refers to the time between a policy change and its full effect on the economy, and option D is too general.

The Problem of Getting an Accurate Reading on Current Economic