Which of the following macroeconomic variables is procyclical and coincident with the business cycle?
a. Industrial production
b. Residential investment
c. Nominal interest rates
d. Unemployment
Answer: A
Which of the following macroeconomic variables is procyclical and coincident with the business cycle?
a. Industrial production
b. Residential investment
c. Nominal interest rates
d. Unemployment
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.