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Homework answers / question archive / Economic variables that generally turn down after a recession begins and turn back up after the recovery starts are called: A

Economic variables that generally turn down after a recession begins and turn back up after the recovery starts are called: A

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Economic variables that generally turn down after a recession begins and turn back up after the recovery starts are called:

A. leading indicators.

B. coincident indicators.

C. lagging indicators.

D. none of the above.

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The answer is C).

Indicators are variables that tend to move in the same direction as the overall state of an economy, such as output. When variables turn down before a recession and turn up before an expansion, the indicators are called a leading indicators. If variables turn down after a recession and turn up after recovery, the indicators are called lagging indicators.

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