Term
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Definition
| Macroeconomic variables that tend to move in the same direction over time |
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Term
| The "ups" and "downs" of economic activity... |
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Definition
| Existed as far back as 235AD with the invasion of the Roman Empire |
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Term
| What terms are used to describe the way a variable moves in terms of direction when economic activity is rising or falling? |
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Definition
| Procyclical and Countercyclical |
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Term
Procyclical or Countercyclical?
Unemployment?
Consumption Expenditure?
Inflation?
Nominal Interest Rates? |
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Definition
Countercyclical
Procyclical
Procyclical
Procyclical |
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