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.
D
Economics
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The marginal social cost is
A) equal to the marginal private cost plus the marginal external cost. B) equal to the marginal private cost minus the marginal external cost. C) the same as the marginal private cost. D) the same as the marginal external cost.
Economics
Suppose that a borrower has a near-perfect credit history before the bank loans him some money. Shortly after the loan has been made, he loses his job and spends money recklessly. This describes the problem known as
A) moral hazard. B) adverse selection. C) risk aversion. D) asymmetric information.
Economics