The delay between the time at which an event occurs and the time at which policymakers become aware of it is called
A) the impact lag.
B) the implementation lag.
C) the government lag.
D) the recognition lag.
Ans: D) the recognition lag.
You might also like to view...
A decrease in net taxes:
a. raises aggregate expenditure by raising disposable income, thereby increasing consumption. b. raises aggregate expenditure by raising disposable income, thereby decreasing consumption. c. lowers aggregate expenditure by lowering disposable income, thereby decreasing consumption. d. lowers aggregate expenditure by lowering disposable income, consumption remaining constant. e. has no effect on aggregate expenditure.
Which of the following would not be studied in microeconomics?
A. How an early freeze in California will affect the price of fruit. B. Whether the federal budget should be balanced. C. Whether to study or watch TV tonight. D. How individual firms decide how much to produce.