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.

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Definitions:

Median

The central figure within a dataset once all values have been ordered from lowest to highest or vice versa.

Set of Data

A collection of numbers, measurements, or observations collected for reference or analysis in a study or experiment.

Median

The middle value in a data set when the values are arranged in ascending or descending order, or the average of the two middle values when there is an even number of values.

Set of Data

A collection of related data points, values, or pieces of information that are grouped together for analysis.