Refer to the Information Provided in Figure 14

Multiple Choice

Refer to the information provided in Figure 14.1 below to answer the questions that follow. Figure 14.1
-Refer to Figure 14.1. If the economy is actually at Point C but policy makers think that it is still at Point B, this is an example of

A) economic policies ineffectiveness.
B) recognition lag.
C) implementation lag.
D) response lag.