Multiple Choice
Which of the following statements about the index of leading economic indicators is the most accurate?
A) It provides accurate information on the duration of downturns in the economy.
B) It provides accurate information on the depth of downturns in the economy.
C) It can result in a self-fulfilling prophecy if business firms respond to leading economic indicator predictions.
D) It virtually always predicts downturns in the economy with a lead-time of six months.
Correct Answer:
Verified
Correct Answer:
Verified
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