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:

Direct Quote

The rate of foreign exchange denoted in the national currency per each foreign currency unit.

British Pounds

The official currency of the United Kingdom, also known as GBP (Great British Pounds).

Expropriation

The act of a government taking privately owned property, typically for public use or in the public interest, with or without compensation.

Direct Investments

Investments made directly into a company or project, rather than through securities, stocks, or other indirect means.