The Time It Takes for Policy Makers to Obtain Data

question 23

Multiple Choice

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.

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Definitions:

Provincial Responsibility

Areas of legal authority and obligation that are designated specifically to provincial governments rather than the national government in a federal system.

Negotiable Instrument

A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time.

Building Completed

The state or condition of a construction project when all designated work is finished, and the structure is ready for occupancy or use.

Cheque

A negotiable instrument consisting of a bill of exchange drawn on a bank, payable on demand.