Which of the following macroeconomic variables would you exclude from an index of leading economic indicators?

If the value of a country's merchandise exports is less than the value of its merchandise imports, it is said to have a

a. trade surplus. b. trade deficit. c. current account surplus. d. capital account deficit.

Which of the following statements represents a correct and sequentially accurate economic explanation?

A) Goods X and Y are substitutes. The price of X falls, the quantity demanded of X rises, and the demand for Y rises. B) Goods X and Y are substitutes. The price of X rises, the demand for X falls, and the demand for Y rises. C) Goods X and Y are substitutes. The price of X falls, the demand for X rises, and the quantity demanded of Y rises. D) Goods X and Y are substitutes. The price of X falls, the quantity demanded of X rises, and the demand for Y falls. E) Goods X and Y are complements. The price of X falls, the quantity demanded of X rises, and the demand for Y falls.