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Which of these economic variables is procyclical?
Current Liabilities
Financial obligations of a business that are due and payable within one year, including accounts payable, short-term loans, and other short-term debts.
Common-size Percent
A financial analysis tool that converts income statement items into percentage of revenue, facilitating trend analysis and comparison.
Total Assets
The sum of all resources owned by a company, including cash, inventory, property, and equipment, reported on the balance sheet.
Cash
Liquid currency and readily accessible funds available in checking and savings accounts, often used to meet short-term financial obligations.
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