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-Consider Figure 16

Question 17

Multiple Choice

  -Consider Figure 16.3,which shows changes in private inventories.Which of the following (approximate) dates are likely to be periods of an expansion? Given your analysis,inventories are __________. A) 2009;procyclical B) 2001;countercyclical C) 1982;procyclical D) 1991;procyclical E) none.
-Consider Figure 16.3,which shows changes in private inventories.Which of the following (approximate) dates are likely to be periods of an expansion? Given your analysis,inventories are __________.


A) 2009;procyclical
B) 2001;countercyclical
C) 1982;procyclical
D) 1991;procyclical
E) none.

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