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.
18 year old girl gets summer job in the canary islands, then goes to the beach on day off. lack of suncream results in horrifically burn..
1.
Sexual act in which one partner (male or female) digs a bloody tampon out of a female partner's vagina by the string using his or h..