3 good questions and answers: "Monetary Policy - ADDITIONAL NOTES - lags"

What are the three stages of lags in the economy?
  • Recognition Lag
  • Implementation Lag
  • Impact Lag 
What is the stage that make conducting macroeconomic policy difficult?
There are three lags that happen between when a inflation or recession happens and when we figure out what the impact of the law has been: or the end process
What do we call the time it takes monetary and fiscal policies to figure out the recession or inflation is happening
The recognition lag
  • A unique study and practice tool
  • Never study anything twice again
  • Get the grades you hope for
  • 100% sure, 100% understanding
Remember faster, study better. Scientifically proven.
Trustpilot Logo
  • Higher grades + faster learning
  • Never study anything twice
  • 100% sure, 100% understanding
Discover Study Smart