Economic Measures That Tend to Mirror,or Move Concurrent With,business Cycles

question 17

True/False

Economic measures that tend to mirror,or move concurrent with,business cycles are called coincident indicators.

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Definitions:

Real Earnings

Earnings adjusted for differences in the general level of prices across time periods or geographic areas. When real earnings are equal, the same bundle of goods and services can be purchased with the earnings.

Strong Unions

represent organizations that negotiate with employers on behalf of employees regarding wages, work conditions, and benefits.

Identical Preferences

The notion that two or more individuals value choices or outcomes in exactly the same way, having congruent likes and dislikes.

Productivity Factors

Elements that influence the efficiency and effectiveness with which resources are transformed into goods and services.