All of the following are typically considered procyclical variables except

Question

Quizplus · Accepted Answer

Procyclical variables are those that tend to move in the same direction as the overall economy, meaning that they increase during expansions and decrease during contractions. The inflation rate, investment expenditures, and expenditures on durable goods all tend to be procyclical. However, the unemployment rate tends to be countercyclical, meaning it moves in the opposite direction of the overall economy, increasing during contractions and decreasing during expansions.

All of the Following Are Typically Considered Procyclical Variables Except