Author Question: Robert Lucas has popularized the notion that with respect to A) severity, business cycles are all ... (Read 66 times)

Chelseaamend

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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 2

In the aggregate demand curve, the endogenous variable is ________.
 
  A) output
  B) inflation
  C) the real interest rate
  D) real money balances
  E) none of the above



patma1981

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Answer to Question 1

D

Answer to Question 2

A



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