
-Referring to the graph above,an economic variable that had peaked in December 1911,November 1914,and February 1919 is likely a ________ variable.
A) leading countercyclical
B) leading procyclical
C) lagging countercyclical
D) lagging procyclical
E) none of the above
Correct Answer:
Verified
Q1: In a business cycle,a period from peak
Q2: A countercyclical variable _.
A)moves up during expansions
Q3: The Conference Board does a good job
Q5: A leading countercyclical variable _.
A)reaches a peak
Q6: A recession can manifest itself with _.
A)a
Q7: Economists use the term "potential output" to
Q8: Q9: Arthur Burns and Wesley Mitchell first described Q10: A leading variable _. Q11: ![]()
A)reaches a peak or![]()
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