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Author Question: Which of the following represents the Lucas supply function? (Read 117 times)

craiczarry

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on: Apr 19, 2019

Question 1

Refer to the information provided in Figure 32.2 below to answer the question(s) that follow.





Refer to Figure 32.2. According to ________, a(n) ________ fiscal policy in the long run and after all the adjustments have been made increases price level above 
P
1, but does not change equilibrium output.


◦ Keynes; contractionary
◦ Keynes; expansionary
◦ monetarists; expansionary
◦ the new classicals; contractionary

Question 2

Which of the following represents the Lucas supply function?


◦ Y = 
f(
P
e - 
P)
◦ Y = 
f(
P
e + 
P)
◦ Y = 
f(
P + 
P
e)
◦ Y = 
f(
P - 
P
e)
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by craiczarry on Apr 19, 2019

akemokai

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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craiczarry

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Reply #2 on: Apr 19, 2019
TY


akemokai

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Reply #3 on: Apr 19, 2019
You're welcome


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