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-Consider Figure 16

Question 5

Multiple Choice

-Consider Figure 16.3 below,which shows changes in private inventories.Which of the following (approximate) dates are likely to be periods of recession? Given your analysis,inventories are __________. A) 1980;procyclical B) 1997;procyclical C) 2008;countercyclical D) 2001;procyclical E) d and a
-Consider Figure 16.3 below,which shows changes in private inventories.Which of the following (approximate) dates are likely to be periods of recession? Given your analysis,inventories are __________.


A) 1980;procyclical
B) 1997;procyclical
C) 2008;countercyclical
D) 2001;procyclical
E) d and a

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