The time which elapses between the beginning of a recession or an inflationary episode and the identification of the macroeconomic problem is referred to as a(n):

Question

Quizplus · Accepted Answer

The time between the beginning of a recession or an inflationary episode and the identification of the macroeconomic problem is called the recognition lag. This delay can be caused by a variety of factors, including the timing of data releases and the complexity of the economy. The longer the recognition lag, the longer it takes for policymakers to implement appropriate measures to address the problem.

The Time Which Elapses Between the Beginning of a Recession