Business, 03.12.2021 22:50, ciya12

A recognition lag happens because: a. it is difficult to determine when the economy is turning up or down. b. it takes time to recognize the true long-run growth rate in the economy. c. in most nations, one or more governing bodies must approve government spending or new tax policies. d. it takes time for the complete effects of monetary and fiscal policy to materialize. e. it is difficult to recognize what the unemployment rate is.

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A recognition lag happens because: a. it is difficult to determine when the economy is turning up or...