What is government monitors leading economic indicators

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Assignment:

Free market economies tend to expand, peak, and contract in ways that are somewhat predictable. This pattern of business activity is called the business cycle. To monitor the business cycle, governments keep track of "leading indicators" such as building permits, new orders of goods, and inventories. Businesses pay close attention to leading indicators. According to the text, what is the main reason the government monitors leading economic indicators?

Reference no: EM133559594

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