Policy Makers May Not Know That the Economy Is in a Recession

question 112

Multiple Choice

Policy makers may not know that the economy is in a recession until six months after the recession starts; this is a phenomenon known as the

• A)implementation lag
• B)policy coordination problem
• C)decision-making lag
• D)recognition lag
• E)effectiveness lag

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Definitions:

Privatization

The process of transferring ownership or operation, particularly of public services or assets, to private sector entities.

Symbolism

Involves the use of symbols to represent ideas or qualities in literature, art, and other forms of expression.

Public Nature

Characteristics or attributes that are not private, belonging to or affecting the community or society at large.

Rates of Imprisonment

The proportion or number of individuals within a population who are confined in prison.