1. Data on business investment can be a good indicator of whether the economy will likely be in a recession soon. This kind of data is called a ________ economic indicator. 2. Similarly, data on personal income can be a good indicator of whether the economy is currently in a recession. This kind of data is called a ________ economic indicator.

1. Data on business investment can be a good indicator of whether the economy will likely be in a recession soon. This kind of data is called a economic indicator. 2. Similarly, data on personal income can be a good indicator of whether the economy is currently in a recession. This kind of data is called a economic indicator.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter23: Aggregate Demand And Aggregate Supply

Section: Chapter Questions

Problem 1QR

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