Multiple Choice
-Referring to the graph above,an economic variable that had peaked in December 1912,and July 1918 is likely a ________ variable.
A) leading countercyclical
B) leading procyclical
C) lagging countercyclical
D) lagging procyclical
E) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
Q2: Apply the concepts of menu costs and
Q3: Which of these economic variables is procyclical
Q4: In a business cycle,a period from trough
Q5: A leading variable _.<br>A)reaches a peak or
Q6: Rapid growth of the money supply might
Q7: Which of these economic variables is procyclical?<br>A)consumer
Q8: Why is the credit spread countercyclical and
Q9: Economists use the term "potential output" to
Q10: The difference between aggregate economic activity and
Q11: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5036/.jpg" alt=" -According to the