In Figure, after the 1981-1982 recession, does the price level appear to be procyclical, countercylical, or acyclical?

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In Figure, after the 1981-1982 recession, does the price level appear to be procyclical, countercylical, or acyclical? Why is this important?

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Macroeconomics

ISBN: 978-0132991339

5th edition

Authors: Stephen d. Williamson

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Question Posted: Dec 05, 2014 09:56 AM

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In Figure, after the 1981-1982 recession, does the price level appear to be procyclical, countercylical, or acyclical?

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After the 198182 the cyclical behavior of the price level varies From 19802000 the p...View the full answer

Macroeconomics

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