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 
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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
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What do we call the time it takes monetary and fiscal policies to figure out the recession or inflation is happening
The recognition lag
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