Question

Question 15 (2 points) If movements (deviations from the trend) in a macroeconomic variable are negatively correlated with movements (deviations from the trend) in real GDP, that variable is said to be a-cyclical useless in predicting future movements in real GDP pro-cyclical counter-cyclical

          Question 15 (2 points)
If movements (deviations from the trend) in a macroeconomic variable are negatively
correlated with movements (deviations from the trend) in real GDP, that variable is
said to be
a-cyclical
useless in predicting future movements in real GDP
pro-cyclical
counter-cyclical

Question 15 (2 points)
If movements (deviations from the trend) in a macroeconomic variable are negatively
correlated with movements (deviations from the trend) in real GDP, that variable is
said to be
a-cyclical
useless in predicting future movements in real GDP
pro-cyclical
counter-cyclical

Added by Helen B.

Principles of Economics

Gregory Mankiw 8th Edition

Instant Answer

Solved by Expert Jainendra Kumar

02/09/2022

Step 1

Step 1: A counter-cyclical variable moves in the opposite direction of the business cycle. Show more…

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Question 15 (2 points) If movements (deviations from the trend) in a macroeconomic variable are negatively correlated with movements (deviations from the trend) in real GDP, that variable is said to be a-cyclical useless in predicting future movements in real GDP pro-cyclical counter-cyclical