中等ECON-FISC-005
A recession is visible in the data only after several months, and a public-works vote then takes further months to pass. These delays are:
A. Two impact lags, because spending has already changed
B. The strong-side and weak-side Convertibility Undertakings
C. Crowding out and the deposit multiplier
D. A recognition lag, then an implementation lag✓ 答案
解說
Recognition lag is the wait for data. Implementation lag is the wait to decide and start the policy. The impact lag starts after the policy is in force, when spending and prices respond. The convertibility rates are 7.75 and 7.85, not names for these lags.