1whats robert lucas view on business cycle do you agree, Business Law and Ethics

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1whats robert lucas view on business cycle do you agree

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?

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