Economic activities that signal forthcoming changes in the economy are referred to as:
a. coincidental economic indicators.
b. GDP implicit price deflators.
c. lagging economic indicators.
d. perfect economic indicators.
e. leading economic indicators.
Question 2
According to the kinked demand theory, when one firm raises its price, other firms will:
a. also raise their prices.
b. refuse to follow.
c. increase their advertising expenditures.
d. exit the industry.