Procyclical

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Wiktionary, Creative Commons Attribution/Share-Alike License
  • adj. Moving in the same direction as the overall state of an economy
  • adj. Magnifying the cyclical fluctuations of an economy.
  • Word Usage
    "This is because state constitutions require balanced budgets, which lead to a "procyclical" -- that is, downturn enhancing -- fiscal policy of budget cuts and tax increases."
    Antonym
    Cross Reference
    acyclical   
    Form