Pro-cyclical

What is Pro-cyclical?

Something that moves in the same direction as GDP.

When GDP increases, standard of living increases. Therefore, standard of living is pro-cyclical.

See gdp, output

Something that moves in the same direction as GDP.

When GDP increases, standard of living increases. Therefore, standard of living is pro-cyclical.

See gdp, output

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Zeretul

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Sork

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Pro-cyclical Edit Meaning