If the deviations from trend in a macroeconomic variable is neither procyclical not countercyclical, it is
A)coincident.
B)positively correlated.
C)a correlation coefficient.
D)lagging.
E)acyclical.

Question

Quizplus · Accepted Answer

If the deviations from trend in a macroeconomic variable are acyclical, it means that they are not correlated with the business cycle (neither procyclical nor countercyclical). This could be due to factors such as structural changes in the economy, policy interventions, or randomness.

If the Deviations from Trend in a Macroeconomic Variable Is