Which of the Following Statements About Leading Economic Indicators Is

question 139

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 the 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 the economy will occur.

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Definitions:

Overt Discrimination

Discrimination that occurs openly and is clearly visible, involving actions or policies explicitly aimed at treating people differently based on certain characteristics.

Employment Impact

The effect of economic, political, and social changes on the employment landscape, including job creation, job loss, and shifts in demand for certain skills.

Dual Labor Market Theory

A theory that contends that the labor market is divided into two segments—the primary and secondary labor markets.

Pay Discrepancy

The difference in earnings between groups of people, often based on gender, race, or occupation.