Comovement Can Be Discerned by

question 6

Multiple Choice

Comovement can be discerned by

• A) calculating the percentage deviations from trend in real GDP.
• B) whether it is a procyclical or countercyclical variable.
• C) calculating the correlation coefficient between the percentage deviations from trend.
• D) determining if it is a lagging or leading indicator.
• E) looking at the composite index of business leading indicators.

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Definitions:

Legal Code

A set of laws adopted by a state or country as a body of rules that are enforceable by law enforcement and judicial authorities.

Sugar Industry

A sector of the economy focused on the production, processing, and distribution of sugar from sugar cane or sugar beets.

Lesser Antilles

A group of islands in the Caribbean Sea, part of the West Indies, divided into the Leeward Islands and the Windward Islands.

Control

The power to influence or direct people's behavior or the course of events.