One of the Series Included Among the Lagging Indicators Is

question 43

Multiple Choice

One of the series included among the lagging indicators is

• A)the change in sensitive material prices.
• B)the index of industrial production.
• C)employees on non-agricultural payrolls.
• D)average duration of unemployment.

---

Definitions:

Insurance Payment

A payment made to an insurance company which provides compensation for loss, damage, illness, or death in return for payment of a specified premium.

Circular-Flow Model

A diagram that visualizes the economy as consisting of households and firms interacting in the goods and services markets, and labor markets, showing how money flows through the economy.

Resource Market

A market in which households sell and firms buy resources or the services of resources.

Product Market

A market in which products are sold by firms and bought by households.