The Index of Leading Indicators Has

Multiple Choice

The index of leading indicators has

A) turned down prior to six of the eight recessions since 1959.
B) turned up prior to each of the periods of inflation since 1959.
C) turned down prior to each of the eight recessions since 1959,but it has also falsely forecast several others.
D) turned down only eight times since 1959,and each downturn has been followed by a recession.