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 banged up, bruised and unsightly knee of a hooker.
Street Walkin' Mary has the worst hooker knees. She can never be a model.
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