-Referring to the graph above,an economic variable that had peaked in December 1912,and July 1918 is likely a ________ variable.
A)leading countercyclical
B)leading procyclical
C)lagging countercyclical
D)lagging procyclical
E)none of the above

Question

-Referring to the graph above,an economic variable that had peaked in December 1912,and July 1918 is likely a ________ variable.
A)leading countercyclical 
B)leading procyclical 
C)lagging countercyclical 
D)lagging procyclical 
E)none of the above

Quizplus · Accepted Answer

A leading procyclical variable peaks before the overall economy does, indicating that it moves in the same direction as the economy but leads the business cycle.

-Referring to the Graph Above,an Economic Variable That Had Peaked