Which of the following statements about leading economic indicators is true?
a. Most people refer to them before making any important spending decision.
b. They are the only economic indicators available to economists
c. They indicate when an economy is in a recession or an expansion.
d. They foreshadow turning points in the business cycle.
e. They can predict precisely when turning points in an economy will occur.
d
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Painters who paint water towers earn higher wages relative to painters who paint houses because
A) painting water towers is more risky than painting houses. B) the tower painters' union is probably more powerful than the house painters' union. C) the demand for tower painters is greater than the demand for residential painters. D) the supply of water tower painters exceeds the supply of house painters.
Vertical contracts that aim to decrease retailer prices typically
a. Benefits the consumers, manufacturers and retailers b. Hurts all the manufacturers, consumers and retailers c. Benefit the manufacturer, hurt the consumer and retailer d. Benefit the retailer, hurt the manufacturer and consumer
The ratio of the total amount of demand deposits at a bank to the amount kept as cash reserves is known as the:
A. reserve ratio. B. demand deposit ratio. C. demand-reserve ratio. D. federal funds rate.