After the housing bubble popped in 2007, the National Bureau of Economic Research did not officially declare a recession until a year later. This announcement is an example of:

Question

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An information lag occurs when there is a delay in the availability of data or information necessary to make a decision or announcement. In this case, the delay in officially declaring a recession by the NBER was due to an information lag, as they needed more data to make an informed decision.

After the Housing Bubble Popped in 2007, the National Bureau