What term refers to the time it takes to identify and examine the nature and seriousness of an economic problem?
A) decision-making lag
B) effectiveness lag
C) implementation lag
D) recognition lag

Question

What term refers to the time it takes to identify and examine the nature and seriousness of an economic problem?  
A) decision-making lag 
B) effectiveness lag 
C) implementation lag 
D) recognition lag

Quizplus · Accepted Answer

Recognition lag refers to the time it takes to identify and examine the nature and seriousness of an economic problem. The other options are related to different stages of the policymaking process.

What Term Refers to the Time It Takes to Identify