For the period 1947-2012 in the United States,the money supply was
A) procyclical and leading.
B) procyclical and lagging.
C) countercyclical and leading.
D) countercyclical and lagging.

Question

Quizplus · Accepted Answer

The money supply in the United States during this period was procyclical and leading, meaning it tended to increase during economic expansions and decrease during recessions, often preceding changes in the economic cycle.

For the Period 1947-2012 in the United States,the Money Supply