Multiple Choice
Percentage deviations from trend in unemployment are
A) procyclical and have been smaller than the percentage deviations from trend in real GDP.
B) procyclical and have been smaller than the percentage deviations from trend in labour force participation.
C) procyclical and have been larger than the percentage deviations from trend in real GDP.
D) countercyclical and have been larger than the percentage deviations from trend in real GDP.
E) countercyclical and have been smaller than the percentage deviations from trend in real GDP.
Correct Answer:
Verified
Correct Answer:
Verified
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