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If Deviations from Trend in a Macroeconomic Variable Are Positively

Question 14

Multiple Choice

If deviations from trend in a macroeconomic variable are positively correlated with deviations from trend in real GDP, that variable is said to be

A) useful in predicting future movements in real GDP.
B) procyclical.
C) countercyclical.
D) uncorrelated.
E) acyclical.

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