Which of the following is not a variable in the index of leading indicators?
A. average work week
B. duration of unemployment
C. unemployment claims
D. new building permits
Answer: B
You might also like to view...
In lesser-developed countries (LDCs), interest rates are usually much higher than in developed economies. A reason that is consistent with your understanding of interest rate determination is
a. people in LDCs save at a much higher rate b. there are fewer businesses in LDCs, so demand is lower c. consumers in LDCs are less willing to postpone present consumption d. the opportunity cost of saving in LDCs is lower because of the low levels of income of most of the population e. the marginal productivity of capital in the LDCs is likely to be lower
What is an agreement among members of an oligopoly to set prices and production levels called?
(A) Price leadership. (B) Competition. (C) Imperfect monopoly. (D) Collusion.
A single commercial bank must meet a 25% reserve requirement. If it initially has no excess reserves and then $2,000 in cash is deposited in the bank, it can increase its loans by a maximum of
A. $1,500. B. $1,750. C. $1,250. D. $2,000.
During an economic expansion when real GDP increases, the
A) demand for money decreases. B) nominal interest rate is constant. C) demand for money increases. D) supply of money decreases. E) real interest rate is constant.