By a leading economic indicator, economists mean:
a. an indicator of future economic activity
b. an indicator that reflects economic fluctuations as they occur.
c. a highly accurate indicator that is easily measured.
d. an indicator that predicts the level of inflation in an economy.
e. any variable that follows changes in economic activity.
a
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If consumers believe the price of hybrid vehicles will decrease in the future, this will cause the demand for hybrid vehicles to decrease now
Indicate whether the statement is true or false
In the short-run, an increase in government purchases will cause
A) a shift of the DD curve to the left and an increase in output. B) a shift of the DD curve to the right and a decrease in output. C) a shift of the DD curve to the left and a decrease in output. D) a shift of the DD curve to the right and an increase in output. E) a shift of the DD curve the left and an appreciation of the currency.