The forecasting technique which attempts to forecast short-run changes and makes use of economic indicators known as leading, coincident or lagging indicators is known as:

a. econometric technique
b. time-series forecasting
c. opinion polling
d. barometric technique
e. judgment forecasting

d

Economics

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An economy that trades freely with the rest of the world is called a(n) ________ economy

A) command B) communist C) closed D) open

Economics

Suppose the government imposes a price ceiling that is lower than the equilibrium price. Discuss the effect, if any, on the price and quantity if the government later removes the price ceiling

What will be an ideal response?

Economics