The Index of Leading Economic Indicators

question 153

Multiple Choice

The index of leading economic indicators:

• A)​provide accurate information on the duration of downturns in the economy.
• B)​virtually always predicts downturns in the economy with a lead time of six months.
• C)​can result in a self-fulfilling prophecy if business firms respond to leading economic indicator predictions.
• D)​provide accurate information on the depth of downturns in the economy.

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Definitions:

Fontanel

Soft spots on an infant's skull where the bones have not yet fused, allowing for growth of the brain and skull.

Diaphysis

The shaft or central part of a long bone, which is typically cylindrical in shape and provides leverage and major weight support.

Sinus

A hollow, cavity, or channel within the body, often referring to the air-filled spaces in the skull that open into the nasal cavity.

Appendicular Skeleton

The portion of the skeleton of vertebrates consisting of the bones that support the appendages (limbs), including the shoulder and pelvic girdles.