Suppose the Index of Leading Economic Indicators Begins to Decline

question 36

Multiple Choice

Suppose the index of leading economic indicators begins to decline for several months. Which of the following economic events will likely follow?

• A) a recession
• B) severe inflation
• C) greater employment
• D) higher investment

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Definitions:

Prompting

In behavioral psychology, it involves giving cues or hints to facilitate the desired response from an individual.

Shaping

A method of operant conditioning by which successive approximations of a desired behavior are reinforced until the exact behavior is achieved.

Reinforcement

In psychology, a process by which a behavior is strengthened or increased, often through rewards or positive outcomes, following its occurrence.

Empirical Approach

A method of inquiry that relies on observation, experimentation, and evidence rather than theory alone.