The index of leading indicators has

Question

Quizplus · Accepted Answer

The statement mentions that the index of leading indicators has turned down prior to each of the eight recessions since 1959, but it has also falsely forecasted several others. Hence, option C is the correct answer. Option A is incorrect as it states that the index has turned down prior to six of the eight recessions since 1959, which is not entirely true. Option B is incorrect as it mentions that the index has turned up prior to each of the periods of inflation since 1959, which is not supported by the given statement. Option D is incorrect as it states that the index has turned down only eight times since 1959 and each downturn has been followed by a recession, which is not entirely accurate.

The Index of Leading Indicators Has