One timing problem in using fiscal policy to counter a recession is the "recognition lag" that occurs between the

A. time the need for the fiscal action is recognized and the time that the action is taken.
B. start of a predicted recession and the actual start of the recession.
C. start of the recession and the time it takes to recognize that the recession has started.
D. time fiscal action is taken and the time that the action has its effect on the economy.

Answer: C

Economics

You might also like to view...

Monetary

What will be an ideal response?

Economics

Desirable property of money

Economics