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Because of the time it takes for official GDP statistics to be released, economists sometimes look as some creative statistics that have been shown to
Because of the time it takes for official GDP statistics to be released, economists sometimes look as some creative statistics that have been shown to foreshadow the business cycle. For each of the following statistics state whether they are likely to vary in same direction or opposite direction to the business cycle.
a Sales of romance novels will likely move in the
opposite
direction as the business cycle.
b Registrations with online dating services will likely move in the
same
direction as the business cycle.
c Cosmetic surgery bookings will likely move in the
same
direction as the business cycle.
d Google searches using the keyword jobs will likely move in the
Click to select
direction as the business cycle.
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