Referring to the graph above, an economic variable that had peaked in December 1912, November 1914, and February 1918 is likely a ________ variable
A) leading countercyclical
B) leading procyclical
C) lagging countercyclical
D) lagging procyclical
E) none of the above
E
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In the above scenario, the quantity of gas sold will
a. increase. b. decrease. c. remains the same. d. may increase or decrease.
The marginal propensity to consume is:
a. the change in disposable income divided by the change in consumption. b. consumption spending divided by disposable income. c. disposable income divided by consumption spending. d. the change in consumption divided by the change in disposable income. e. the change in consumption divided by disposable income.
As a monopoly increases production, the price of all units sold falls, but marginal revenue increases
a. True b. False Indicate whether the statement is true or false
Why do political instability and insecure property rights retard economic growth?
a. Fear that private property will be confiscated substantially reduces the incentive to invest and create wealth. b. When property rights are insecure, foreign investors will be reluctant to invest in the country. c. Savings will tend to flow out of a country if individuals fear their property is insecure. d. All of the above are correct.