The average duration of unemployment and changes in the consumer price index for services are_________.
A)leading economic indicators
B)coincidental economic indicators
C)lagging economic indicators
D)composite economic indicators
E)none of the above

Question

Quizplus · Accepted Answer

Lagging economic indicators are those that are only measurable after an economic shift has already taken place. The average duration of unemployment and changes in the consumer price index for services are lagging indicators since they reflect the effect of changes in the economy that have already occurred.

The Average Duration of Unemployment and Changes in the Consumer