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Suppose that a group of manufacturing firms is asked whether orders for their product have increased, remained about the same, or decreased during the last
Suppose that a group of manufacturing firms is asked whether orders for their product have increased, remained about the same, or decreased during the last month. Suppose also that 40% report that orders increased, 40% report that orders decreased, while the remainder reported no change. What would the value of the diffusion index be?
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