Procyclical Refers to

question 54

Multiple Choice

Procyclical refers to

• A)a variable that is above trend when GDP is above trend.
• B)a variable that is equal to the GDP trend.
• C)the economy is growing above trend.
• D)a variable is that is below trend when GDP is above trend.

---

Definitions:

Penalty

A punishment imposed for breaking a law, rule, or contract.

Crime

A broad term for violations of law that are punishable by the state and are codified by legislatures. The objective of criminal law is to protect the public.

Public Prosecutor

A legal officer who represents the government in prosecuting criminal cases and is responsible for presenting the case against accused persons.

Trial Lawyer

An attorney who specializes in representing clients in legal proceedings before a court of law, particularly in trials.