countercyclical
Adjective
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Adjective
countercyclical
- (public policy) Dampening the cyclical fluctuations due to the business cycle in an economy.
- (economics) Moving in the direction opposite to that of the overall state of an economy.
- The unemployment rate is countercyclical in the sense that it rises when economic growth is low and vice versa.
This text is extracted from the Wiktionary and it is available under the CC BY-SA 3.0 license | Terms and conditions | Privacy policy 0.004