The Recognition Lag Is

question 56

Multiple Choice

The recognition lag is

• A)the time it takes for policy makers to obtain data indicating what is happening in the economy.
• B)the time it takes for policy makers to be sure of what the data are signaling about the future course of the economy.
• C)the time it takes to pass legislation to implement a particular policy.
• D)the time it takes for policy makers to change policy instruments once they have decided on the new policy.
• E)the time it takes for the policy actually to have an impact on the economy.

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Definitions:

Embarrassing Thoughts

Private reflections or ideas that can cause a person to feel shame or embarrassment if revealed.

Developmental Psychology

The scientific study of how and why human beings change over the course of their life, from infancy through childhood, adolescence, adulthood, and aging.

Psychoanalytic Theory

A theory of personality organization and the dynamics of personality development that guides psychoanalysis, developed by Sigmund Freud.

Adolescence

The transitional stage of physical and psychological development that generally occurs during the period from puberty to legal adulthood.