The time it takes to see if that there has been a shock to the economy is
A) a recognition lag.
B) an implementation lag.
C) a response lag.
D) none of the above

Question

Quizplus · Accepted Answer

The time it takes to realize and recognize that there has been a shock to the economy is called a recognition lag. This lag can occur due to information delays, measurement difficulties, or simply the lack of attention to the problem.

The Time It Takes to See If That There Has