Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Which of these economic variables is procyclical and coincident?
the government bond spread
stock prices
consumer spending
all of the above
none of the above
Expert Solution

Step 1
Business Cycle:
The business cycle implies the economic cycle. It is the upward and downward movement of the aggregate production in an economy observed over the long-term period. The complete business cycle is the period that incorporates boom, recession, depression, and recovery.
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