A Recent Example of the Recognition Lag Came in the Form

question 11

Multiple Choice

A recent example of the recognition lag came in the form of it taking

• A)several months in 2003 for Congress to agree on a tax cut package even after they had agreed on having one.
• B)only a month or two from the passage of the 2003 tax cut to the issuance to rebate checks.
• C)until Fall 2001 to recognize that the recession of 2001 had started in January 2001.
• D)very little time for the effects of the 2003 rebate checks to have an effect on the economy.