The time it takes for policy makers to obtain data indicating what is happening in the economy is called
A) the data lag.
B) the recognition lag.
C) the legislative lag.
D) the implementation lag.
E) the effectiveness lag.
A
You might also like to view...
Use the figure below to answer the following question. 
The case of complementary goods is represented by figure
A. 1. B. 2. C. 3. D. 4.
The price of cereal rises. As a result, people have cereal for breakfast on fewer days and eat eggs instead. This behavior is an example of
A) a decrease in the quantity demanded of cereal because of the substitution effect. B) an increase in the quantity demanded of eggs because of the income effect. C) a decrease in the quantity supplied of cereal because of the substitution effect. D) an increase in the quantity supplied of eggs because of the income effect.
The law of diminishing marginal utility explains why
A. most individual demand curves are straight lines. B. the consumer’s optimal purchase is at the tangency of an indifference curve and the budget line. C. most individual demand curves slope downward. D. marginal utility falls when total utility falls.
The country with the second-highest GDP in the world, behind only the United States, is
A. Russia. B. Germany. C. China. D. India.