You Are Given Information About the Following Leading Indicators for the Canadian

question 94

Essay

You are given information about the following leading indicators for the Canadian economy. For each indicator, explain whether the information suggests that a recession or expansion should be expected in the future.
a.Claims received for employment insurance rise.
b.New orders for durable goods increase.
c.The interest rate spread between the three-month Treasury bill and the prime lending rate narrows.
d.The Conference Board of Canada's Index of Consumer Confidence falls.

---

Definitions:

Unconscious Patronization

Subtle, unintended display of condescension or inferior treatment towards certain groups, often without the awareness of the individual.

Hindsight Bias

The inclination to feel that one would have foreseen or anticipated the result after an event has taken place.

Other-Race Effect

The tendency to recall faces of one’s own race more accurately than faces of other races. (Also called the crossrace effect and the own-race bias.)

Unconscious Patronization

Actions or speech that belittle someone without the awareness of the person engaging in such behavior.