The ________ Lag Is the Time It Takes for Policymakers

question 43

Multiple Choice

The ________ lag is the time it takes for policymakers to obtain the data that tell them what is happening to the economy,while the ________ lag is the time it takes for policymakers to be sure of what the data are signaling about the future course of the economy.

• A)data; recognition
• B)recognition; data
• C)data; implementation
• D)implementation; recognition

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Definitions:

Rules and Authority

Principles or guidelines enforced by individuals or organizations in positions of power or control.

Sociometric Status

A measure of an individual's social standing within a group, based on the extent to which they are liked, disliked, chosen as a friend, or rejected by their peers.

Aggressive

Behaviors or tendencies that are hostile, destructive, or violent, often resulting from frustration or threat.

Social Conventional

Refers to rules or norms that govern behaviors within a society, including manners, etiquette, and social rituals, which can vary between cultures.