The Index of Leading Indicators

question 282

Multiple Choice

The Index of Leading Indicators

• A)turns downward just before recessions begin and turns upward before recoveries set in.
• B)turns downward well before recessions begin and turns upward before recoveries set in.
• C)turns downward well before recessions begin and turns upward just at the time recoveries set in.
• D)turns downward just before recessions begin and turns upward just at the time recoveries set in.

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Definitions:

Deficiency

The lack or shortage of something, typically a necessary quantity or quality.

Liable for Payment

Being legally responsible for the settlement of a debt or financial obligation, typically as a consequence of a contract or law.

Consent

The voluntary agreement to or approval of what is done or proposed by another; can be given explicitly or implicitly.

Assign a Mortgage

The transfer of a mortgage from one party to another, changing the lender or creditor while the borrower remains the same.