Question: If over the business cycle a variable moves in the same direction, but prior to the move- ment of output then that variable is, (a)procyclical

  1. If over the business cycle a variable moves in the same direction, but prior to the move- ment of output then that variable is,

(a)procyclical and lagging.

(b)countercyclical and leading.

(c)countercyclical and lagging.

(d)procyclical and leading.

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