Multiple Choice
The observation that the money supply is procyclical and leading the level of aggregate economic theory is most closely associated with
A) Lucas and Friedman.
B) Friedman and Schwartz.
C) Kydland and Prescott.
D) David Runkle.
Correct Answer:
Verified
Correct Answer:
Verified
Q25: Difficulties in determining the cyclical pattern in
Q26: The weight of empirical evidence suggests that
Q27: For the period 1947-2012,employment in the United
Q28: A business cycle peak is a<br>A) small
Q29: If deviations from trend in a macroeconomic
Q31: Average labor productivity is computed as the<br>A)
Q32: If the correlation between GDP and y
Q33: Average labor productivity tends to be<br>A) procyclical
Q34: Business cycle persistence refers to the property
Q35: Employment tends to be<br>A) procyclical and less