The Eurozone data from 2010 to 2015 shows that the job finding rate is:
A)acyclical.
B)countercyclical.
C)procyclical.
D)exogenous.

Question

Quizplus · Accepted Answer

The job finding rate in the Eurozone is procyclical, meaning that it tends to move in the same direction as the overall business cycle. During periods of economic expansion, the job finding rate tends to increase as more jobs become available and employers are willing to hire. Conversely, during periods of economic contraction, the job finding rate tends to decrease as fewer jobs are available and employers are more hesitant to hire.

The Eurozone Data from 2010 to 2015 Shows That the Job