Economic variables that generally move in tandem with the overall phases of the business cycle are called:
A)leading indicators.
B)coincident indicators.
C)lagging indicators.
D)none of the above.

Question

Quizplus · Accepted Answer

Coincident indicators are economic variables that move in tandem with the overall phases of the business cycle. Examples include employment, industrial production, and personal income. These indicators provide insight into the current state of the economy and can help to confirm whether the economy is in a recession or expansion. Leading indicators would be those that provide information about the future direction of the economy, while lagging indicators would be those that follow changes in the overall economy.

Economic Variables That Generally Move in Tandem with the Overall