The time policymakers must wait for the collection of economic data is known as a(n) _____ lag.
A) recognition
B) information
C) decision
D) implementation

Question

Quizplus · Accepted Answer

The time lag policymakers must wait for the collection of economic data is known as an information lag, as it refers to delays in receiving accurate and reliable information about economic conditions. The recognition lag refers to the time it takes policymakers to recognize that an economic problem exists, the decision lag refers to the time it takes to develop and choose a policy response, and the implementation lag refers to the time it takes for the policy to take effect once it is enacted.

The Time Policymakers Must Wait for the Collection of Economic