Figure 12.2
-Refer to Figure 12.2 to answer the question. Which of the following components of GDP most closely resembles Series A (procyclical)?

Question

Quizplus · Accepted Answer

Series A (procyclical) follows a similar pattern to investment, which tends to vary with the business cycle. Budget deficit, autonomous consumption, and government spending are not necessarily tied to the business cycle and do not exhibit a clear procyclical pattern.

Figure 12.2 -Refer to Figure 12.2 to Answer the Question. Which of Which