The index of leading indicators is
a. an alphabetical listing of the most popular indicators in the economy for a given month.
b. a composite index of indicators that provides information on the future direction of the economy.
c. a measure of the level of aggregate output.
d. a composite index designed to measure inflation.
B
Economics
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Which of the following would likely cause the greatest deadweight loss?
a. a tax on cigarettes b. a tax on salt c. a tax on cruise line tickets d. a tax on gasoline
Economics
Which of the following is most likely to lead to an increase of 1% in the nominal demand for money?
A) An increase in real income of 0.5% B) A decrease in real income of 0.5% C) A decline of 1% in the price level D) An increase of 1% in the price level
Economics