Which of the following is not a correct characterization of the U.S. business cycle?
A) Prices are procyclical.
B) Consumption fluctuates little.
C) Investment fluctuates a lot.
D) Average labor productivity is procyclical.

Question

Quizplus · Accepted Answer

Prices are generally considered to be countercyclical or acyclical, not procyclical, in the context of the U.S. business cycle.

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