Solved

If Deviations from Trend in a Macroeconomic Variable Are Negatively

Question 40

Multiple Choice

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

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

Related Questions

Q35: Comovement relates to A) the relationship between real

Q36: Average labour productivity tends to be a A)

Q37: The Great Moderation is a period of

Q38: The Phillips curve shows the relationship between A)

Q39: If a macroeconomic variable tends to aid

Q41: The defining feature of business cycles is

Q42: Real consumption tends to be A) procyclical and

Q43: A business cycle peak is a A) small

Q44: If we plotted the level of good

Q45: The value of macroeconomic knowledge is in A)