Procyclical
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Procyclical is moving in the same direction as output, incomes, and employment over the business cycle; falling during recessions and rising during recoveries. (Cf. acyclical, countercyclical.)
Definition
According to Macroeconomics by Mankiw (7th edition),
- Procyclical. Moving in the same direction as output, incomes, and employment over the business cycle; falling during recessions and rising during recoveries. (Cf. acyclical, countercyclical.)
