The Data Lag Is

question 11

Multiple Choice

The data 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:

Corruption

The abuse of entrusted power for private gain, typically involving practices like bribery, fraud, and embezzlement.

Ethics

Moral principles that govern a person's behavior or the conducting of an activity.

Society's ATTitude

The collective opinions, values, and dispositions of a community or society towards particular topics or issues.

Market Values

The prevailing rate at which a good or service can be purchased or sold on the open market.