Multiple Choice
Which of the following statements is true?
A) Financial variables are procyclical,but real variables are countercyclical.
B) The nominal interest rate is procyclical and lagging,but the real interest rate is acyclical.
C) Average labour productivity is acyclical,but the real wage is procyclical.
D) Both exports and imports are procyclical.
Correct Answer:
Verified
Correct Answer:
Verified
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