The Action Time Lag Is the Time Period That Elapses

question 17

Multiple Choice

The action time lag is the time period that elapses

• A) between when an economic problem manifests itself and it is officially acknowledged.
• B) between the recognition of an economic problem and implementing policies to solve it.
• C) between implementing policies to solve an economic problem and when the results of that policy can be measured.
• D) between the beginning of the budgetary process and the final budget resolution.

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Definitions:

Leading Indicator

Economic factors that change before the economy starts to follow a particular pattern or trend, used to predict future economic activity.

Corporate Social Responsibility Objective

A self-regulated business model that helps a company be socially accountable—to itself, its stakeholders, and the public.

Capital Investment

Funds spent by a company to acquire or upgrade physical assets such as property, industrial buildings, or equipment.

Land Reclamation

The process of creating new land from oceans, riverbeds, or lake beds, or restoring an area to a more usable state.