The tendency of many different economic variables to have regular and predictable patterns over the business cycle is called
A)persistence.
B)comovement.
C)periodicity.
D)recurrence.

Question

Quizplus · Accepted Answer

Co-movement refers to the tendency of different economic variables to move together in a systematic way over the business cycle. This means that changes in one variable tend to be associated with changes in others, which can provide valuable insights for forecasting and policymaking. Persistence refers to the tendency of economic variables to remain at a particular level over time, while periodicity and recurrence refer to the regularity and repetition of economic patterns.

The Tendency of Many Different Economic Variables to Have Regular