New orders for capital goods, vendor performance, and the money supply are three of the ten economic statistics that constitute ____________________________.
Fill in the blank(s) with the appropriate word(s).
the Index of Leading Indicators
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The figure above shows supply curves for soft drinks. Suppose the economy is at point a. An increase in the number of suppliers would be shown as a movement from point a to a point such as
A) none of the points that are illustrated. B) point b. C) point c. D) point d.
If production displays constant returns to scale, then all economies of scale have been exhausted
Indicate whether the statement is true or false
If the price of one good increases, and as a result the demand for another related good falls, the goods are
A) substitutes. B) normal goods. C) complements. D) inferior goods.
An industry consists of four firms with annual sales of $3,000, $5,000, $4,000, and $6,000. What is the industry's HHI?
A. 10,000. B. 1,659. C. 2,654. D. There is not sufficient information to compute the industry HHI.