A variable that moves in the opposite direction as real GDP is known as:
A) acyclical.
B) procyclical.
C) countercyclical.
D) exogenous.
Correct Answer:
Verified
Q17: The model predicts that in a recession
Q18: During an economic expansion due to an
Q19: The income effect on labour supply is
Q20: Real GDP equals:
A)trend real GDP plus the
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Q24: An example of a temporary change in
Q25: An countercyclical variable is one that:
A)moves the
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Q27: An procyclical variable is one that:
A)moves the
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