The time span between the beginning of a downturn and the time by which hard data to indicate a downturn is made available is called:
A)the signal lag.
B)the implementation lag.
C)the impact lag.
D)the recognition lag.

Question

The time span between the beginning of a downturn and the time by which hard data to indicate a downturn is made available is called:
A)​the signal lag.
B)​the implementation lag.
C)​the impact lag.
D)​the recognition lag.

Quizplus · Accepted Answer

The recognition lag refers to the time it takes for the data to become available that confirms a downturn has occurred. It can take several months before official statistics are released that can confirm a recession has started, meaning that the recognition lag can be quite long.

The Time Span Between the Beginning of a Downturn and the Time