Procyclical variables ________ during expansions and ________ during recessions.?

Question

A) fall, fall

B) rise, rise

C) fall, rise

D) rise, fall

E) both C and D

Answer 1

Looks like D) rise, fall

"Procyclical variables move up during the expansion phase of the cycle and down during the contraction phase"

Answer 2

D. That is what procyclical means!