Observers of the economy often complain that indicators of economic activity are often contradictory.This is an example of the ________ lag.
A)data
B)recognition
C)legislative
D)effectiveness

Question

Quizplus · Accepted Answer

The recognition lag refers to the time it takes for policymakers and economic observers to recognize that a change in economic activity has occurred. In this case, the complaint that economic indicators are contradictory suggests that there may be confusion or delay in recognizing changes in the economy, leading to a recognition lag.

Observers of the Economy Often Complain That Indicators of Economic