The Conference Board's LEI and CEI indices are shown in the plot below over several months. In this plot the y-axis is the percent change in the indices. The x-axis is time. For this question I would like you to focus your attention on the time period outlined in the green rectangle. If you look inside the green rectangle over this period of time both the LEI and CEI indices are moving upwards.Which of these statements is likely true? Select all that apply.

Note that you should answer this question for a generic span of years in which the LEI and CEI are moving upwards.

Group of answer choices

Initial claims for unemployment insurance likely fell over this time.

A period of contraction in the business cycle is likely to start in the near future if it hasn't already recently started.

The yield curve is likely downward sloping over this time.

Average weekly hours of production are increasing over this time.

Note that you should answer this question for a generic span of years in which the LEI and CEI are moving upwards. 20 U.S. LEI 6-month growth 15 U.S. CEI 6-month growth 10 5 0 Percent change (annual rate) -5 -10 -15 -20 -25