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procyclical
From Wiktionary, the free dictionary
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English
Etymology
Adjective
procyclical (comparative more procyclical, superlative most procyclical)
- (economics) Moving in the same direction as the overall state of an economy
- The employment rate is procyclical, when the economy is doing well more people are working, when it's not doing well, fewer people are working.
- (public policy) Magnifying the cyclical fluctuations of an economy.
Antonyms
Derived terms
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