Discussion 1

What helps economists forecast the economy? Imagine you are presenting the index of the leading indicators concept to a small group of newly hired analysts. In a minimum of 200 words,

• Discuss the index of the leading indicators.
• Is the Phillips curve a helpful predictor? Why or why not?
• As a business person, how could you use this predictive macroeconomic information to help make business decisions? (Give specific examples.)

Again, your initial response should be a minimum of 200 words. Support your response with at least two scholarly and/or credible resources in addition to the text.