What helps economists forecast the economy? Imagine you are presenting the index of the leading indicators concept to a small group of newly hired analysts. In a minimum of 200 words,
- Discuss the index of the leading indicators.
- Is the Phillips curve a helpful predictor? Why or why not?
- As a business person, how could you use this predictive macroeconomic information to help make business decisions? (Give specific examples.)
Again, your initial response should be a minimum of 200 words. Support your response with at least two scholarly and/or credible resources in addition to the text.
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