Comovement is
A) the tendency for declines in economic activity to be followed by further declines, and for growth in economic activity to be followed by more growth.
B) the idea that the standard pattern of contraction—trough—expansion—peak occurs again and again in industrial economies.
C) the tendency of many economic variables to move together in a predictable way over the business cycle.
D) the idea that peaks and troughs of the business cycle occur at regular intervals.
C
You might also like to view...
"Mandating longer sentences for any criminal's third arrest will lead to a reduction in crime. Less crime will reduce the number of police officers cities will hire." This quotation: a. contains positive statements only
b. contains normative statements only. c. contains both normative and positive statements. d. contains neither normative nor positive statements.
Each firm knows where its MR = MC output level is located
Indicate whether the statement is true or false