If the correlation between GDP and y is 0.75, we say y is
A) acyclical.
B) procyclical.
C) cyclical.
D) countercyclical.
E) negatively correlated.
Correct Answer:
Verified
Q49: If we plotted cigarettes smoked per year
Q50: Before 2000, the three most recent Canadian
Q51: Investment tends to be a(n)
A)coincident variable.
B)lagging variable.
C)leading
Q52: A measure of the degree of correlation
Q53: Stock prices tend to lead real GDP
Q54: The Phillips curve shows the relationship between
A)lagging
Q55: Average labour productivity tends to be a(n)
A)leading
Q56: Why is forecasting GDP over the long
Q58: If we plotted the level of good
Q59: Real consumption tends to be
A)countercyclical and less
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