Procyclical variables ________ during expansions and ________ during recessions.?

A) fall, fall

B) rise, rise

C) fall, rise

D) rise, fall

E) both C and D

Answer:
Looks like D) rise, fall

"Procyclical variables move up during the expansion phase of the cycle and down during the contraction phase"
D. That is what procyclical means!

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