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:

Personality

The combination of characteristics or qualities that form an individual's distinctive character.

Organizational Commitment

Organizational commitment is the loyalty of an individual to the organization.

Emotional Commitment

A deep, affective attachment to an organization or cause that surpasses mere loyalty or intellectual agreement.

Rational Commitment

An individual's logical decision to remain dedicated to an organization based on the benefits and costs associated with that commitment.