The recognition lag can best be described as the lag that occurs between the recognition for fiscal action and the time action is taken during a recession or inflationary period.
The recognition lag can best be described as Blank______.
Multiple choice question.
the lag between the fiscal action taken and the time that it affects output, employment, or prices during a recession or inflationary period
the lag that occurs between the recognition for fiscal action and the time action is taken during a recession or inflationary period
the lag between the monetary action taken and the time that it affects output, employment or the prices during a recession or inflationary period
the lag that occurs when an economy finds itself 4-6 months into a recession or inflation before the situation is clearly discernible
1 answer