Which of the following observations concerning leading economic indicators is true?
a. They provide warnings of likely downturns
b. They provide accurate information on the depth of a downturn.
c. They provide accurate information on the duration of a downturn.
d. Both b. and c. are true.
a
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If a firm is the sole employer of a factor of production, it is known as
A) a monopsony. B) a monopoly. C) an economically discriminating firm. D) a competitor.
The marginal product of labor indicates ________. Therefore the MPL curve is also ________
A) the quantity of labor supplied for a given wage; the equilibrium price of labor B) the quantity of labor demanded for a given wage; the equilibrium price of labor C) the quantity of labor demanded for a given wage; the demand curve of labor D) the quantity of labor supplied for a given wage; the supply curve of labor E) none of the above
In the long run, imports are paid for by
A) investment. B) exports. C) dollars. D) gold or other universally accepted monies.
Financial instruments used primarily to transfer risk would not include:
A. home mortgages. B. a bank loan. C. options. D. an insurance policy.