Question

"When a macroeconomic aggregate is countercyclical: It grows faster than GDP It grows slower than GDP Its deviations from trend are more often of the opposite sign as the deviations from trend in GDP It doesn't move with changes of the GDP"

Name: when a macroeconomic aggregate is countercyclical it grows faster than gdp it grows slower than gdp its deviations from trend are more often of the opposite sign as the deviations from trend 94975
Uploaded: 2022-07-25T18:43:29-08:00
Duration: 56 s
Channel: Andrew Davis
Description: when a macroeconomic aggregate is countercyclical it grows faster than gdp it grows slower than gdp its deviations from trend are more often of the opposite sign as the deviations from trend 94975

          "When a macroeconomic aggregate is countercyclical:
It grows faster than GDP
It grows slower than GDP
Its deviations from trend are more often of the opposite sign as the deviations from trend in GDP
It doesn't move with changes of the GDP"

Added by Matthew L.

Principles of Economics

Gregory Mankiw 8th Edition

Instant Answer

Solved by Expert Andrew Davis

07/25/2022

Step 1

Step 1: Pro cyclical means that a macroeconomic aggregate moves in the same direction as GDP, while counter cyclical means it moves in the opposite direction. Show more…

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"When a macroeconomic aggregate is countercyclical: It grows faster than GDP It grows slower than GDP Its deviations from trend are more often of the opposite sign as the deviations from trend in GDP It doesn't move with changes of the GDP"