The index of leading economic indicators usually turns downward: ...

[darbym82]

The index of leading economic indicators usually turns downward:
 a. prior to economic expansions.
 b. prior to economic contractions.
 c. prior to a contraction, but then turns upward before the contraction begins.
  d. a full 24 months before a recession begins.

Question 2

The index of leading economic indicators:
 a. provide accurate information on the duration of downturns in the economy.
 b. virtually always predicts downturns in the economy with a lead time of six months.
 c. can result in a self-fulfilling prophecy if business firms respond to leading economic indicator predictions.
  d. provide accurate information on the depth of downturns in the economy.

[juiceman1987]

Answer to Question 1

b

Answer to Question 2

c