- CFA Exams
- CFA Level I Exam
- Topic 2. Economics
- Learning Module 3. Fiscal Policy
- Subject 4. Fiscal Policy Implementation
CFA Practice Question
The time between the start of a macroeconomic problem and the general awareness that the problem exists is called the ______.
B. recognition lag
C. action lag
A. timing lag
B. recognition lag
C. action lag
Correct Answer: B
The recognition lag is the time between the start of a macroeconomic problem and the general awareness that the problem exists.
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