The index of leading indicators is
a. an alphabetical listing of the most popular indicators in the economy for a given month.
b. a composite index of indicators that provides information on the future direction of the economy.
c. a measure of the level of aggregate output.
d. a composite index designed to measure inflation.
B
You might also like to view...
A debtor nation means a nation
A) whose imports exceeds its exports. B) whose current account is less than its capital account. C) who—through its history—has invested less in the rest of the world than other countries have invested in it. D) whose current lending to the rest of the world exceeds its borrowing from the rest of the world.
In a very basic principal-agent model, output is contractible if:
A. output can be observed with some positive cost. B. the employee produces many products. C. output can be observed at zero cost. D. the employee works in a team.
Barriers to entry are obstacles, such as patents, that make it difficult for new consumers to enter a market.
Answer the following statement true (T) or false (F)
If the inverse demand curve a monopoly faces is p = 100 - 2Q, and MC is constant at 16, then the firm's Lerner Index equals
A) 58/16. B) 16/42. C) 58/42. D) 42/58.