A lagging variable ________
A) reaches a peak or trough before the turning point of the business cycle
B) reaches a peak or trough after the turning point of the business cycle
C) reaches a peak or trough at the same time as the turning point of the business cycle
D) all of the above
E) none of the above
B
You might also like to view...
In 1973, mainstream sources predicted that the world would run out of oil in
A) 20 years. B) 40 years. C) 100 years. D) Mainstream sources in 1973 predicted the world would never run out of oil.
If a sum of $15,000 is borrowed at 13% for a year, the interest paid by the borrower is ________
A) $750 B) $1,000 C) $1,950 D) $5,500
The Federal Reserve District Banks are owned by
A. the federal government. B. a combination of state governments and the federal government. C. the board of governors. D. their member banks.
The demand for most products varies directly with changes in consumer incomes. Such products are known as:
A. inferior goods. B. competitive goods. C. complementary goods. D. normal goods.