The recognition time lag is the time that elapses 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.
A
Economics
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Under a gold standard, a continual balance of surplus in any country can be sustained only as long as the country's gold reserves hold out
Indicate whether the statement is true or false
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The phase of the business cycle characterized by rising output is called a(n)
a. peak b. recession c. depression d. trough e. expansion
Economics