The ADS Business Conditions Index is a
A) leading index based on variables released with different frequencies.
B) coincident index based on variables released with different frequencies.
C) leading index based on 85 monthly variables.
D) coincident index based on 85 monthly variables.
B
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Price coordination among firms will be more difficult when there are substantial differences among the cost structures of the competing firms and the technologies they employ
Indicate whether the statement is true or false
In the short run, which one of the following causes a competitive firm to hire more labor?
A) an increase in wage rate B) an increase in the output price C) a specific tax imposed on the firm's output D) a decrease in the output price
A firm in which market has the most market power?
A) perfect competition B) monopolistic competition C) oligopoly D) monopoly
At any point where a monopolist's marginal revenue is positive, the downward-sloping straight-line demand curve is:
A. perfectly elastic, as is the perfectly competitive firm's. B. elastic but not perfectly elastic, and a perfectly competitive firm's demand curve is perfectly elastic. C. elastic but not perfectly elastic, and a perfectly competitive firm's demand curve is perfectly inelastic. D. inelastic, while a perfectly competitive firm's demand curve is perfectly elastic.