Which of the following statements about leading economic indicators is true?
a. Most people refer to them before making any important spending decision.
b. They are the only economic indicators available to economists.
c. They indicate when an economy is in a recession or an expansion.
d. They foreshadow turning points in the business cycle.
e. They can predict precisely when turning points in an economy will occur.
Question 2
The kinked oligopoly demand curve is a result of the assumption by an oligopolist that:
a. price increases will be matched, but price reductions will not.
b. price increases will not be matched, but price reductions will.
c. both price increases and price reductions will be matched.
d. neither price increases, nor price reductions will be matched.
TrUe....FaLsE
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