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.
See
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:
1.
The lifestyle adopted by shallow, ostentatious teenagers. Characteristically annoying and the dispair of people who find it all too pret..
