The Time It Takes for Policy Makers to Be Sure

question 19

Multiple Choice

The time it takes for policy makers to be sure of what the data are signaling about the future course of the economy is called

• A)the data lag.
• B)the recognition lag.
• C)the legislative lag.
• D)the implementation lag.
• E)the effectiveness lag.

---

Definitions:

Principle Of Fallibility

The principle that all human knowledge or interpretations are inherently fallible and subject to error.

Egregious Moral Wrongdoing

An action or behavior that is outstandingly bad or reprehensible from a moral standpoint.

Principle Of Understanding

A foundational rule advocating for the striving towards comprehension and empathy in interactions and judgments.

Applied Ethics

A branch of ethics that deals with the application of moral principles to specific real-world issues and situations.