Which of the following is not a correct characterization of the U.S. business cycle?
A) Money is countercyclical.
B) Employment is procyclical.
C) Labor productivity is procyclical.
D) Prices are countercyclical.

Question

Quizplus · Accepted Answer

Money supply is generally considered to be procyclical, not countercyclical, as it tends to increase during economic expansions and decrease during recessions.

Which of the Following Is Not a Correct Characterization of the U.S