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Unformatted text preview: How often are comprehensive revisions made? 3. Is the unemployment rate a good overall business cycle indicator? Explain. 4. Why is it useful to pay any attention to lagging economic indicators? 5. Suppose a series has the following as its indicator status: (Lg,L,U). Does it lead or lag business cycle peaks? Troughs?...
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This note was uploaded on 09/14/2009 for the course EC 400 taught by Professor Cover during the Spring '09 term at Alabama.
- Spring '09