The time it takes to collect and process data is the biggest source of which lag?
A) implementation lag
B) recognition lag
C) government lag
D) impact lag

Question

Quizplus · Accepted Answer

Recognition lag refers to the time it takes for policymakers to recognize that an economic problem exists. In this case, the delay is caused by the time it takes to collect and process data, which is necessary for policymakers to recognize that an economic problem exists.

The Time It Takes to Collect and Process Data Is