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S E34: The Boom and Bust of Business Cycles

Think Like An Economist

CHAPTER

How to Use Indicators to Understand the Economy

Remember the big tip, which is track a lot of indicators, not just one or two. A country's economy is large and complex, so you want to get as full a picture as you can. It's also best to focus on broad indicators that account for a really big share of the economy. If the data comes in stronger than what you were expecting, it's time to admit maybe you weren't right.

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