Which of the following is not a lagging indicator?
a. Duration of unemployment
b. Commercial and industrial loans
c. Stock prices
d. Prime rate
c
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Jack is a prospective buyer of a commodity that Jill is offering to sell. Social surplus in this scenario can be maximized:
A) when only Jack is optimizing. B) when only Jill is optimizing. C) when both Jack and Jill are optimizing. D) when neither Jack nor Jill is optimizing.
In the United States, a "buy American" act was passed in 1933 to create larger markets for domestic goods
a. True b. False Indicate whether the statement is true or false
If consumption spending increases from $758 to $767 billion when disposable income increases from $912 to $927 billion, it can be concluded that the marginal propensity to consume is:
a. 0.4 b. 0.5 c. 0.7 d. 0.6
The price index for a market basket of goods can be found by
A. dividing the value of the market basket by the rate of inflation. B. multiplying the base-year cost of the basket by the current-year cost of the basket divided by 100. C. dividing the current-year value of the market basket by the base-year value of the basket and multiplying the result by 100. D. multiplying the value of the market basket by the rate of inflation.