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You are in charge of making recommendations based on economic forecasts to upper management of your firm, which produces widgets and employs 2,500 workers. Upper management has informed you that they are planning to build a new facility and hire 500 additional workers. They would like you to research leading indicators and produce a detailed analysis of where the economy is heading in the next 6 months. What would you look for in terms of leading indicators (discuss at least three indicators), and what recommendations would you make to upper management based on your findings regarding leading indicators? Be sure to consider the macroeconomic nature of leading indicators, and the microeconomic nature of your firms’ decisions
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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