Which Lag Stems from the Fact That It Takes Time

question 98

Multiple Choice

Which lag stems from the fact that it takes time for people and firms to react to a policy change, to acquire or reduce loans, and to change their level of consumption?

• A) the implementation lag
• B) the recognition lag
• C) the market lag
• D) the impact lag

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Definitions:

Technological Advances

The introduction of new technologies or the improvement of existing ones, often leading to increased efficiency, effectiveness, or capabilities.

Computer Mediated Instruction

An educational approach where computers are used to deliver, support, or enhance teaching and learning activities.

Distributed Education

An educational approach that uses technology and strategies to offer learning opportunities to students at multiple locations.

Apprenticeship Model

is a training system where novices learn by working under the instruction and supervision of an experienced professional in a particular field.