The weight of empirical evidence suggests that in Canada,the real wage rate is
A) acyclical.
B) bicyclical.
C) procyclical.
D) countercyclical.
E) lagging.

Question

Quizplus · Accepted Answer

Empirical evidence suggests that the real wage rate in Canada is positively related to the business cycle, meaning that it tends to increase during periods of economic growth and decrease during recessions. This makes it procyclical, as it moves in the same direction as the overall economy.

The Weight of Empirical Evidence Suggests That in Canada,the Real