NO.PZ2023071902000001
问题如下：
Question Upon observing improvements in the combined index of concurrent economic signs, a rise in the consumer debt to earnings proportion would likely validate that an expansion is:
选项：
A.upcoming. B.in progress. C.concluding.解释：
Incorrect. leading indicators suggest what's ahead, yet the consumer debt to earnings proportion is a trailing indicator. This is primarily because individuals tend to borrow more when they have faith in the economic situation.
Correct. The consumer debt to earnings proportion is a lagging indicator. A surge in this indicates that a positive shift has already started. This supports the evidence from concurrent indicators suggesting an ongoing expansion.
Incorrect. Even though the consumer debt to earnings proportion acts as a lagging indicator, it primarily signifies that a positive phase has begun, rather than the end of an expansion since individuals usually borrow more when they trust the economic state.
Understanding Business Cycles
• describe how resource use, consumer and business activity, housing sector activity, and external trade sector activity vary over the business cycle and describe their measurement using economic indicators
有可能经济开始下行，但由于滞后，指标还在增长
