2. Leading economic Indicators Economists forecast future economic conditions by studying variables that tend to fluctuate in advance of the overall economy. The most significant of these variables are known as leading indicators, and they compose the index of leading economic indicators, Which of the following variables are measured as part of this Index? Check all that apply. New orders for consumer goods The ratio of elderly to nonelderly workers The interest rate spread Technological advances Supplier deliveries True or False: Short-run economic forecasts give the government useful information regarding expected tax revenues, but are not relevant to businesses because they cannot adjust output in the short run. True False Suppose the most recent data show that the average weekly working hours of existing employees have increased lately. This change suggests a recessionary - period in the coming months