For each of the following, define the variable and state why it is a leading, lagging, or
Question:
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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a Lagging because it moves more slowly than real GDP bStock prices are usually represented with an ...View the full answer
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Related Book For
Macroeconomics
ISBN: 9780132109994
1st Edition
Authors: Glenn Hubbard, Anthony Patrick O'Brien, Matthew P Rafferty
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