What is the index of leading indicators, and what is it used for?
The index of leading indicators is a collection of 10 business and economic variables that tend to reach a high or low prior to the peak of a business expansion or the trough of an economic recession. Economists use the index to forecast the economy.
You might also like to view...
Employee theft is an example of ________
A) adverse selection B) moral hazard C) herd behavior D) internalizing of externalities
The cost of holding money is
A. transactions accounts. B. the opportunity cost. C. capital controls. D. the liquidity approach.
In a perfectly competitive market, if all firms face identical, constant marginal cost curves, then consumer surplus is
A. definitely zero. B. the area under the market demand curve and above the market clearing price. C. the total area under the market demand curve. D. the area above the market demand curve and above the market clearing price.
Suppose a government sets theprice for a natural monopoly at the competitive level such that P = MC. To keep the seller from taking a loss under this policy, the government could provide a lump-sum payment to the firm
How could we determine this payment? A) Multiply the competitive quantity by the competitive marginal cost B) Multiply the competitive quantity by the regulated price C) Multiply the competitive quantity by the difference between MC and AC D) Multiply the difference in the competitive and monopoly quantities by AC