Description
describe the types of information economists use to forecast the business cycle and how they use this information to make predictions about the business cycle
Explanation & Answer
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Leading Indicators
Hours of production workers in manufacturing
New claims for unemployment insurance
Value of new orders for consumer goods
S&P 500 Composite Stock Index
New orders for plant and equipment
Building permits for private houses
Fraction of companies reporting slower deliveries
Index of consumer confidence
Change in commodity prices
Money growth rate (M2)
Reference:
http://people.stern.nyu.edu/nroubini/bci/bciintroduction.htm
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