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What Is the Difference Between a Real-Time Report and a Live

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Essay

What is the difference between a real-time report and a live report?


Definitions:

Effectiveness Lag

The time needed for changes in monetary or fiscal policy to affect the economy

Decision-making Lag

The delay between the identification of a need for a policy response and the implementation of the decision.

Recognition Lag

The time needed to identify a macroeconomic problem and assess its seriousness.

Effectiveness Lag

The time it takes for a policy action, particularly in monetary or fiscal policy, to produce its intended effects on the economy.

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