The Recognition Lag Refers to The

Multiple Choice

The recognition lag refers to the:

A) time taken for changes in the money supply to be translated into changes in real GDP.
B) time taken by policymakers to formulate an appropriate policy to solve an economic problem.
C) time taken by policies to have an impact on the different macroeconomic variables.
D) time taken by policymakers to recognize that an economic problem exists.
E) natural difference between monetary policy timing and fiscal policy timing.