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Basic Question 9 of 13
If you observe an increase in the reported ratio of consumer installment debt to income, it is highly likely that an upturn ______
B. is just about to occur.
C. will occur sometime in the future.
A. has occurred.
B. is just about to occur.
C. will occur sometime in the future.
User Contributed Comments 3
| User | Comment |
|---|---|
| babycdq | WHY |
| MDrisc20 | Consumer installment debt would increase during an upturn since consumers have confidence in steady/growing income |
| khalifa92 | and consumers payrolls are coincident indicators |
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Barnes
Learning Outcome Statements
describe how resourceuse, consumer and business activity, housing sector activity, and external trade sector activity vary over the business cycle and describe their measurement using economic indicators
CFA® 2024 Level I Curriculum, Volume 1, Module 2.