Economic models using computer simulations can provide an estimate of the
A) recognition lag.
B) decision lag.
C) bureaucratic lag.
D) impact lag.

Question

Quizplus · Accepted Answer

Economic models using computer simulations can provide an estimate of the impact lag, which is the time it takes for changes in economic policy to affect the economy. Recognition lag refers to the time it takes to recognize a problem or issue, decision lag refers to the time it takes to make a policy decision, and bureaucratic lag refers to the time it takes for the policy to be implemented by government agencies.

Economic Models Using Computer Simulations Can Provide an Estimate of the