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:

Reciprocal Determinism

A theory proposed by Albert Bandura which suggests that a person's behavior both influences and is influenced by personal factors and the social environment.

Cohort Effect

Changes in the characteristics of a group of people influenced by their shared age, experiences, or the period in which they were born.

Structured Observation

A research method involving the systematic recording of observable behaviors within a controlled or organized environment.

Open-Ended Interview

A research method in which a researcher asks a participant questions using a flexible, conversational style and may vary the order of questions, probe, and ask follow-up questions based on the participant’s responses.