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If Deviations from Trend in a Macroeconomic Variable Are Negatively

Question 43

Multiple Choice

If deviations from trend in a macroeconomic variable are negatively correlated with deviations from trend in real GDP, that variable is said to be

A) useless in predicting future movements in real GDP.
B) procyclical.
C) countercyclical.
D) acyclical.
E) uncorrelated.

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