Business Cycles and Fluctuations Flashcards
The Conference Board said Monday its index of leading economic indicators fell to 109.2 in September,…the largest one-month decline since January 1996…. The index indicates where the overall U.S. economy is headed in the next three to six months….
The economy had been struggling for several months before the Sept. 11 attacks. Many economists have said they believe that a recession is unavoidable with the new uncertainties raised by the disaster.
Source: “Leading Indicators Decline,” USAToday.com, October 22, 2001.
The passage discusses a business fluctuation influenced by
a.a trend line.
d.a business fluctuation.
a.predicted the Great Depression.
b.is completely reliable.
c.is used to predict changes in business cycles.
d.was designed to detect external shocks.
a.decrease in consumer demand
d.none of the above