Question: Which statement below regarding economic indicators is true? Economic indicators are inherently macroeconomic. Trends, patterns or situations that assist in forecasting the economy are considered

Which statement below regarding economic indicators is true?

  • Economic indicators are inherently macroeconomic.
  • Trends, patterns or situations that assist in forecasting the economy are considered lagging indicators.
  • It is common practice to only look at one indicator when analyzing the macroeconomy.
  • Economic indicators provide a view of the economy over an extended period of time.

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