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

---

Definitions:

Respiratory Volume Measurements

Quantitative assessments of different volumes and capacities in the lungs during breathing and respiratory activity.

Total Lung Capacity

The maximum amount of air the lungs can hold, typically measured after a maximal inhalation effort.

Tidal Volume

The volume of air displaced between normal inhalation and exhalation when extra effort is not applied, a key component of respiratory physiology.

Hyperventilates

Breathing at an abnormally rapid rate, leading to decreased carbon dioxide levels in the blood.