Which of the following macroeconomic variables is not seasonally procyclical?
A) the nominal money stock
B) average labour productivity
C) the unemployment rate
D) government spending

Name: Which of the following macroeconomic variables is not seasonally procyclical? A) the nominal money stock B) average labour productivity C) the unemployment rate D) government spending
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Question

Quizplus · Accepted Answer

The unemployment rate is countercyclical, meaning that it moves in the opposite direction of the business cycle.

Which of the Following Macroeconomic Variables Is Not Seasonally Procyclical