The recognition time lag is the time between
A) when an economic problem manifests itself and it is officially acknowledged.
B) the recognition of an economic problem and implementing policies to solve it.
C) implementing policies to solve an economic problem and when the results of that policy can be measured.
D) the beginning of the budgetary process and the final budget resolution.

Question

Quizplus · Accepted Answer

The recognition time lag is the time it takes for an economic problem to be officially acknowledged after it has already manifested itself. It is the delay between the emergence of the problem and its recognition by policymakers or experts.

The Recognition Time Lag Is the Time Between