Macroeconomics is the study of the economy as a whole

Businesses may reduce their investment spending following expansionary fiscal policy because:

A. as the economy's growth rate increases, profits rise without the need for new investments. B. profits fall as expansionary fiscal policy slows the economy. C. increased government spending will drive up interest rates. D. the government will take advantage of all the good investment opportunities.

The Purchasing Managers' Index is __________ indicator

A) a leading B) a coincident C) a lagging D) an inconsistent