中等ECON-FISC-006
A rate increase has been announced, but mortgage payments, investment plans, and the CPI respond only over the following year. That further delay is:
A. A recognition lag
B. An impact lag✓ 答案
C. An automatic stabiliser
D. A cash drain
解說
The impact lag is the time from the policy action to its effect on spending and prices. Recognition lag is about seeing the problem. The lag does not let Hong Kong set interest rates independently of the US rate.