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Indicate the effect on the pressure of the following change.
-The temperature is doubled (V, n constant) .
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.
Recognition Lag
The time it takes for policymakers to identify and acknowledge an economic problem or trend.
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