Multiple Choice
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 behaviour of comovements among series, business cycles are all alike.
D) qualitative behaviour of comovements among series, business cycles are all alike.
E) deviations from trend real GDP, business cycles over time are all alike.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: If the correlation coefficient between x and
Q3: Comovement can be discerned by<br>A) calculating the
Q4: Which of the following is a feature
Q5: If the correlation coefficient between x and
Q6: Investment tends to be a<br>A) procyclical variable.<br>B)
Q8: If the deviations from trend in a
Q9: Positive correlation between x and y implies
Q10: Real investment tends to be<br>A) procyclical and
Q11: Difficulties in determining the cyclical pattern in
Q12: Average labour productivity tends to be<br>A) procyclical