The lag in realizing that a macroeconomic problem exists is called

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Frances Garrison

Social Studies

9 June, 09:47

The lag in realizing that a macroeconomic problem exists is called

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Giovanny Blankenship · Answer 1

The lag in realizing that a macroeconomic problem exists is called therecognition lag.

Recognition lag is defined as the time lag between when the actual economic shock occurs and when it is recognized by economists, central bankers and the government.

Recognition lag can be days, weeks or even months depending on how severe the economic shock is.