Economics · Business Cycles
Which of the following is considered a leading economic indicator that typically signals a potential downturn from the Peak phase to the Contraction phase of a business cycle?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1New orders for capital goods and durable goods begin to fall.✓
- 2Real Gross Domestic Product (GDP) growth rate becomes positive and steep.
- 3Consumer Price Index (CPI) inflation rates accelerate significantly.
- 4Non-performing Assets (NPAs) of banks start to decline.
Correct answer
New orders for capital goods and durable goods begin to fall.
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