Question: For each of the following, define the variable and state why it is a leading, lagging, or coincident indicator. a. Average duration of unemployment b.

For each of the following, define the variable and state why it is a leading, lagging, or coincident indicator.
a. Average duration of unemployment
b. Stock prices
c. Personal income minus transfer payments
d. Index of consumer expectations
e. Ratio of consumer installment credit to personal income

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