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. Suppose it takes policy makers from time t5 to time t7 to see that the economy has started expanding. This is an example of
A) a response lag.
B) an implementation lag.
C) a policy lag.
D) a recognition lag.
Correct Answer:
Verified
Correct Answer:
Verified
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