A change in the Leading Economic Index is supposed to reflect:
A) how the economy behaved in the recent past.
B) how the economy is behaving.
C) how the economy will behave in the near future.
D) an average of how the economy has behaved over the most recent business cycle.

Question

Quizplus · Accepted Answer

The Leading Economic Index is a composite index that is intended to predict future economic conditions. Therefore, changes in the index are supposed to reflect how the economy will behave in the near future.

A Change in the Leading Economic Index Is Supposed to Reflect