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Chapter 8
Chapter 8 Flash Cards
4
Economics
Undergraduate 3
04/03/2012

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Cards

Term
What is Comovement?
Definition
Macroeconomic variables that tend to move in the same direction over time
Term
The "ups" and "downs" of economic activity...
Definition
Existed as far back as 235AD with the invasion of the Roman Empire
Term
What terms are used to describe the way a variable moves in terms of direction when economic activity is rising or falling?
Definition
Procyclical and Countercyclical
Term
Procyclical or Countercyclical?

Unemployment?

Consumption Expenditure?

Inflation?

Nominal Interest Rates?
Definition
Countercyclical

Procyclical

Procyclical

Procyclical
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