Difference between revisions of "Countercyclical"
(Created page with "Countercyclical is moving in the opposite direction of the business cycle of economic downturns and upswings. ==Definition== According to Principles of Economics by Tim...") |
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According to [[Principles of Economics by Timothy Taylor (3rd edition)]], | According to [[Principles of Economics by Timothy Taylor (3rd edition)]], | ||
:[[Countercyclical]]. Moving in the opposite direction of the business cycle of economic downturns and upswings. | :[[Countercyclical]]. Moving in the opposite direction of the business cycle of economic downturns and upswings. | ||
| − | + | According to [[Macroeconomics by Mankiw (7th edition)]], | |
| + | :[[Countercyclical]]. Moving in the opposite direction from output, incomes, and employment over the business cycle; rising during recessions and falling during recoveries. (Cf. acyclical, procyclical.) | ||
[[Category: Economics]][[Category: Articles]] | [[Category: Economics]][[Category: Articles]] | ||
Latest revision as of 18:01, 1 July 2020
Countercyclical is moving in the opposite direction of the business cycle of economic downturns and upswings.
Definition
According to Principles of Economics by Timothy Taylor (3rd edition),
- Countercyclical. Moving in the opposite direction of the business cycle of economic downturns and upswings.
According to Macroeconomics by Mankiw (7th edition),
- Countercyclical. Moving in the opposite direction from output, incomes, and employment over the business cycle; rising during recessions and falling during recoveries. (Cf. acyclical, procyclical.)
