The time it takes to identify and examine the nature and seriousness of an economic problem is the _____.
A)activity lag
B)decision-making lag
C)effectiveness lag
D)implementation lag
E)recognition lag

Question

Quizplus · Accepted Answer

The recognition lag is the time it takes for policymakers to identify and examine the nature and seriousness of an economic problem. This can include gathering data, conducting analysis, and consulting experts before coming to a decision on how to address the problem. A, B, C, and D are all different types of lags that occur after the problem has been recognized and a policy response has been decided upon.

The Time It Takes to Identify and Examine the Nature