Robert Lucas has popularized the notion that with respect to
A) severity, business cycles are all alike.
B) causation, business cycles are all alike.
C) quantitative behavior of co-movements among series, business cycles are all alike.
D) qualitative behavior of co-movements among series, business cycles are all alike.

Question

Quizplus · Accepted Answer

Robert Lucas suggested that with regards to qualitative behavior of co-movements among series, business cycles are all alike. This means that although the severity, causation, and quantitative behavior of co-movements may differ between business cycles, the underlying patterns of fluctuations and co-movements remain consistent.

Robert Lucas Has Popularized the Notion That with Respect to