-Consider Figure 16.3,which shows changes in private inventories.Which of the following (approximate) dates are likely to be periods of an expansion? Given your analysis,inventories are __________.
A) 2009;procyclical
B) 2001;countercyclical
C) 1982;procyclical
D) 1991;procyclical
E) none.
Correct Answer:
Verified
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