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7 August, 04:04

The fact that it takes time for government to identify and recognize a problem is one reason for the occurrence of

a. inside lags.

b. structural lags.

c. implementation lags.

d. outside lags.

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  1. 7 August, 04:48
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    I nside lags, it is the span of time that takes for a government to respond in a certain situation that pertains to the economy. There are two lags that comprise inside lag:

    1. recognition lag it is the time spend to recognize a shock to the economy

    2. decision lag it is the time spent in taking action regarding the shock
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