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Homework answers / question archive / Interest rates typically follow a _____ pattern relative to economic activity and the default premium typically follows a _____ pattern relative to economic activity

Interest rates typically follow a _____ pattern relative to economic activity and the default premium typically follows a _____ pattern relative to economic activity

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Interest rates typically follow a _____ pattern relative to economic activity and the default premium typically follows a _____ pattern relative to economic activity.

a) procyclical; procyclical,

b) procyclical; countercyclical,

c) countercyclical; procyclical,

d) countercyclical; countercyclical.

Option 1

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