The recognition time lag recognizes that it takes time
A) to collect information about the state of the economy.
B) to get politicians to agree on the best policy to enact.
C) for any change in policy to take effect and for people to recognize that the policies are effective.
D) for the politicians to enact the policy once the need for change has been recognized.

Question

Quizplus · Accepted Answer

The recognition time lag refers to the delay in collecting and analyzing economic data to accurately assess the current state of the economy.

The Recognition Time Lag Recognizes That It Takes Time