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Social Science Clinic => Economics => Macroeconomics => Topic started by: audie on Jan 2, 2020

Title: Which of the following is a key element of the Friedman-Lucas Money Surprise model?
Post by: audie on Jan 2, 2020

Which of the following is a key element of the Friedman-Lucas Money Surprise model?
◦ workers have imperfect information about aggretate variables in the long-run.
◦ workers are irrational.
◦ workers have imperfect information about aggregate variables in the short-run.
◦ consumers are not always optimizing.
◦ consumers face a cash-in-advance constraint.

Title: Which of the following is a key element of the Friedman-Lucas Money Surprise model?
Post by: yeungji on Jan 2, 2020

workers have imperfect information about aggregate variables in the short-run.