The fact that price increases have to be monitored for several months before it is determined that inflation is a problem describes what type of a lag?
A) political
B) recognition
C) decision
D) implementation

Question

Quizplus · Accepted Answer

Recognition lag occurs when there is a delay between the time when inflation begins to increase and the time when it is recognized as a problem.

The Fact That Price Increases Have to Be Monitored for Several