_____ lag refers to the delay between the recognition that an economy is in a recession and the implementation of a policy response, and _____ lag is the delay between the policy change and the resulting effect.

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The Answer of _____ lag refers to the delay between the recognition that an economy is in a recession and the implementation of a policy response, and _____ lag is the delay between the policy change and the resulting effect.

_____ Lag Refers to the Delay Between the Recognition That