The time it takes for policymakers to determine that a change in the economy's performance has occurred is called
A)the policy lag.
B)uncertainty.
C)the impact lag.
D)the recognition lag.

Question

Quizplus · Accepted Answer

The recognition lag is the time it takes policymakers to determine that a change in the economy's performance has occurred. This lag can occur due to a lack of up-to-date data or difficulty in interpreting the data available.

The Time It Takes for Policymakers to Determine That a Change