A leading economic indicator of business cycle peaks is given by the average duration of unemployment the change in prices for consumer services personal income minus transfer payments an index of stock prices for 500 stocks

A leading economic indicator of business cycle peaks is given by the average duration of unemployment the change in prices for consumer services personal income minus transfer payments an index of stock prices for 500 stocks

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter12: Business Cycles And Unemployment

Section: Chapter Questions

Problem 18SQ

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Question

A leading economic indicator of business cycle peaks is given by

		the average duration of unemployment
		the change in prices for consumer services
		personal income minus transfer payments
		an index of stock prices for 500 stocks

Definition Definition State in which an individual is without work, despite actively seeking employment opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed. Unemployment is one of the key indicators of the conditions prevailing in an economy. It is therefore considered a barometer that points out the condition of an economy.

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