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.

Question

Quizplus · Accepted Answer

The recognition time lag refers to the period of time between when an economic problem becomes apparent and when it is officially acknowledged by policymakers or economic authorities. This delay can occur due to information gaps, bureaucratic processes, or political considerations.

The Recognition Time Lag Is the Time That Elapses Between