Robert Lucas has popularized the notion that with respect to
A) deviations from trend real GDP, business cycles over time are all alike.
B) qualitative behaviour of comovements among series, business cycles are all alike.
C) severity, business cycles are all alike.
D) causation, business cycles are all alike.
E) quantitative behaviour of comovements among series, business cycles are all alike.
Correct Answer:
Verified
Q2: Comovement relates to
A)macroeconomic variables fluctuating together in
Q3: Amplitude of the business cycle is
A)the size
Q4: If real GDP helps to predict the
Q5: Employment is
A)more variable than real GDP.
B)about as
Q6: The property that macroeconomic variables fluctuate together
Q8: If deviations from trend in a macroeconomic
Q9: Average labour productivity tends to be
A)countercyclical and
Q10: If the correlation between GDP and y
Q11: A business cycle trough is a
A)relatively large
Q12: Average labour productivity
A)is more variable than real
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