Which of the following would most likely exhibit the highest price elasticity of demand?

What are some criticisms of the CPI as a measure of inflation?

What will be an ideal response?

Which statement is true about the leading economic indicators?

A. There are seven leading economic indicators. B. When the index of leading economic indicators changes direction, we are always approaching a business cycle turning point. C. The index of leading indicators generally turns down months before a recession begins. D. The leading economic indicators are of virtually no use in forecasting business cycle turning points.