Leading, coincident, and lagging indicators are based on the concept that:
A) expectations of future inflation is the driving force of the economy.
B) expectations of future profits are the driving force of the economy.
C) expectations of future unemployment is the driving force of the economy.
D) none of the above.
B
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In experimental tests of the ultimatum game:
a. the proposer often offers an even split of the "pie", and responders often reject smaller offers, consistent with the predictions of game theory. b. the proposer often offers an even split of the "pie", and responders often reject smaller offers, in contrast to the predictions of game theory. c. the proposer often offers an unfair split, taking the lion's share of the "pie" for him or herself, and responders often accept such offers, consistent with the predictions of game theory. d. the proposer often offers an unfair split, taking the lion's share of the "pie" for him or herself, and responders often accept such offers, in contrast to the predictions of game theory.
If an infant industry truly has a good chance to become competitive and produce profitably once it is well established, it is not at all clear that government should even offer protection to reduce short-run losses
a. True b. False Indicate whether the statement is true or false