Recognition lag
What Recognition lag means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Recognition lag
Check what you remember
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Reference: Pearson Edexcel
The time taken to identify an economic problem using data.
Topics that use Recognition lag
- Demand-side policies (Pearson Edexcel A-Level)
Related terms
- Aggregate demand
- Demand-pull inflation
- Fiscal policy
- Investment
- Macroeconomic equilibrium
- Macroeconomic objectives
- Monetary policy
- Policy conflicts
Using Recognition lag in the exam
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