The time policymakers must wait for the collection of economic data is known as:
A) recognition lag.
B) information lag.
C) decision lag.
D) implementation lag.

Question

Quizplus · Accepted Answer

The time policymakers must wait for economic data to be collected is known as the information lag. This is the delay between when economic activity occurs and when data on that activity is made available to policymakers. The other lags, recognition lag, decision lag, and implementation lag, refer to different stages in the policymaking process.

The Time Policymakers Must Wait for the Collection of Economic