Which of the Following Illustrates the Information Lag

question 326

Multiple Choice

Which of the following illustrates the information lag?

• A) The economy is predicted to increase by 0.1% in July, but the numbers are revised in August to reflect an actual 2% decrease.
• B) Current data have been provided to policymakers, but they decide to wait and see what happens in the next quarter.
• C) The government responds to the 2% decrease in the economy, and private investment is crowded out of the investment market.
• D) The government decides not to respond to the 2% decrease in the economy because it is worried about the possibility of inflation.

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Definitions:

Esteem Needs

Refers to the human desire for respect, self-esteem, and recognition from others, considered a higher-level need in Maslow's hierarchy of needs.

Security Needs

The requirements essential for an individual's or organization's safety, protection, and freedom from threats or harm.

Esteem Needs

In Maslow's hierarchy of needs, these are the fourth level and represent the human desire for respect, self-esteem, and recognition from others.

Physiological Needs

Basic physical requirements for human survival, such as food, water, shelter, and oxygen, which are considered the foundation of Maslow's hierarchy of needs.