If the correlation between GDP and y is -0.75, we say y is
A) procyclical.
B) countercyclical.
C) persistent.
D) positively correlated.
E) acyclical.
Correct Answer:
Verified
Q5: Employment is
A)more variable than real GDP.
B)about as
Q6: The property that macroeconomic variables fluctuate together
Q7: Robert Lucas has popularized the notion that
Q8: If deviations from trend in a macroeconomic
Q9: Average labour productivity tends to be
A)countercyclical and
Q11: A business cycle trough is a
A)relatively large
Q12: Average labour productivity
A)is more variable than real
Q13: In Canada, three important recessions occurred between
A)1978-1979,
Q14: Average labour productivity is computed as the
A)ratio
Q15: If the correlation coefficient between x and
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