The Variables in the Index of Leading Indicators Are Included

question 139

Multiple Choice

The variables in the index of leading indicators are included in the index because

• A) they turn down prior to a deflation and turn up prior to an inflation.
• B) they generally lag behind turns in the business cycle.
• C) they turn down prior to a recession and turn up before the beginning of a business expansion.
• D) they provide a comprehensive measure of the current state of the economy.

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