What''s robert lucas'' view on business cycle

Assignment Help Business Law and Ethics

Reference no: EM13860405

1.What's Robert Lucas' view on business cycle? Do you agree with his view? Why?

2. Define economic variables that are procyclical, countercyclical or acyclical. Are real wages, GDP, employment procyclical, countercyclical or acyclical? Why?

3.What's the main difference between classical economic view and Keynesian economic view on causes of business cycles? Policy prescriptions to end recession? What causes the views to be different?

Reference no: EM13860405

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What''s robert lucas'' view on business cycle : 1.What's Robert Lucas' view on business cycle? Do you agree with his view? Why? 2. Define economic variables that are procyclical, countercyclical or acyclical. Are real wages, GDP, employment procyclical, countercyclical or acyclical? Why?

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