What is Pro-cyclical?
1.
Something that moves in the same direction as GDP.
When GDP increases, standard of living increases. Therefore, standard of living is pro-cyclical.
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1.
Something that moves in the same direction as GDP.
When GDP increases, standard of living increases. Therefore, standard of living is pro-cyclical.
See
Random Words:
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noun
: A group of retarded, mostly fat as shit, wiggers from Nashville, TN that dropped out of high school to rap. They rap about how..
1.
a condition in which the person portrays themselves as being against an argument or a debate, but in fact is really just trying to sneak..
