Which of the Following Statements About Leading Economic Indicators Is

question 138

Multiple Choice

Which of the following statements about leading economic indicators is true?

• A)Most people refer to them before making any important spending decision.
• B)They are the only economic indicators available to economists.
• C)They indicate when an economy is in a recession or an expansion.
• D)They foreshadow turning points in the business cycle.
• E)They can predict precisely when turning points in an economy will occur.

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Definitions:

Trade

The exchange of goods or services between individuals, organizations, or countries.

Coffee

A beverage made by brewing roasted coffee beans, the seeds found in the berries of the Coffea plant.

Counterarguments

Arguments presented in opposition to another argument, typically used to challenge or debate a point of view.

Economists

Experts or scholars who study the production, distribution, and consumption of goods and services, focusing on economic theories and policies.