Average duration of unemployment is an example of a:
A) leading indicator.
B) coincident indicator.
C) lagging indicator.
D) none of the above.
C
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Explain what would happen to the equilibrium price and quantity of iPhones if the supply of iPhones increased while the demand for iPhones also increased
What will be an ideal response?
If x is useful for predicting future GDP then
A) x is coincident. B) x is a lagging variable. C) x is countercyclical. D) x is a leading variable.
The three major responsibilities of the ________ are legislative power, control over the budget, and supervision of executive decisions.
A) European Commission B) European Council C) European Parliament D) European Court of Justice
Exhibit 2-12 Production possibilities curve
In Exhibit 2-12, suppose an economy with the given production possibilities curve is currently located at point A in the figure. Which of the following statements is false?
A. This economy could produce more of both capital and consumption goods. B. This economy is experiencing full employment. C. This economy could produce more capital goods while holding fixed the number of consumption goods produced. D. This economy could produce more consumption goods while holding fixed the number of capital goods produced.