Study Guide Lecture 2

Study Guide Lecture 2 - Study questions for Lecture 2....

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Study questions for Lecture 2. Questions based on material in A Guide to Everyday Economic Statistics--5 th Edition ( EES )--Chapter 1 1. A. Draw a sketch of an economic time series which is a leading economic indicator. (See Figures 1-1 and 1-2). B. Draw a sketch of a lagging economic indicator. C. Draw a sketch of a coincident economic indicator. 2. A. Draw a sketch of an economic time series which leads recoveries but lags recessions. How is this variable classified? B. Draw a sketch of an economic time series which leads recoveries but is coincident with recessions. C. Draw a sketch of an economic time series which lags recoveries but leads recessions. D. Draw a sketch of an economic time series which is coincident with recoveries but leads recessions. 3. On pages 5 and 6 EES presents 6 ways that a hypothetical increase in total sales from $800 to $840 billion (over a 12-month period) can be reported. What are they? What are the four ways a change in an index number can be reported? 4.
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