Describe the behavior of consumption, investment, labor, productivity,

wages, the price level and the money supply over the business cycle

both in terms of correlation, magnitude and lead vs lag. Give the

economic intuition behind the results on consumption, productivity,

wages and price levels. For some of these rather than the intuition you

should explain the importance of this evidence in terms of supporting/rejecting important theories in economics. This is especially true if the evidence itself is either weak or ambiguous. [Hint: this question is asking about 7 numbers and the intuition behind them. Those numbers

are the correlations between each data observation and GDP.