The NBER Business Cycle Dating Committee stated that the U.S. economy entered a recession in December 2007.
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The NBER Business Cycle Dating Committee stated that the U.S. economy entered a recession in December 2007. The S&P/Case-Shiller Home Price Index (a widely used measure of home prices) shows an increase in home prices from January 2000 to April 2006.
From that date until May 2009, the index fell by over 30%, then stayed pretty level, and finally started rising at the beginning of 2012.
According to this information,
a) are home prices a countercyclical, acyclical, or procyclical variable?
b) are home prices a leading, lagging, or coincident indicator?
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Analysis of Home Prices as an Economic Indicator a Cyclical nature Based on the information provided ...View the full answer
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