Robert Lucas Has Popularized the Notion That with Respect to

question 7

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.

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Definitions:

Iconic Memory

The sensory register that briefly holds mental representations of visual stimuli.

Long-term Potentiation

A lasting enhancement in signal transmission between two neurons that results from stimulating them simultaneously, believed to be a cellular mechanism underlying learning and memory.

Neurotransmitters

Chemical substances involved in the transmission of neural impulses from one neuron to another.

Glutamate

A major neurotransmitter in the nervous system that plays key roles in brain development, learning, and memory.