A Procyclical Variable ________

question 65

Multiple Choice

A procyclical variable ________.

• A)moves up during expansions and down during contractions
• B)moves up during contractions and down during expansions
• C)moves in the opposite direction of aggregate economic activity
• D)all of the above
• E)none of the above

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Definitions:

Globalization

The integration of economy, trade, and finance on an international scale.

Self-Managing Team

a group of workers who are given the autonomy to manage themselves and make decisions within their areas of operation without traditional management.

Decisions

The act or process of making choices or selecting an option or direction from a set of alternatives, often involving a degree of judgment or assessment.

Management

The process of dealing with or controlling things or people, involving planning, organization, leadership, and supervision to achieve organizational goals.