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Author Question: If deviations from trend in a macroeconomic variable are positively correlated with deviations from ... (Read 83 times)

brutforce

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on: Jun 30, 2018
If deviations from trend in a macroeconomic variable are positively correlated with deviations from trend in real GDP, that variable is said to be
 
  A) useful in predicting future movements in real GDP.
  B) procyclical.
  C) countercyclical.
  D) acyclical.

Question 2

The desire to smooth consumption is reflected in
 
  A) the consumer's budget constraint.
  B) the curvature in a consumer's indifference curves.
  C) choice between present and future.
  D) the production possibilities frontier.


Shshxj

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

B


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