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Author Question: According to the Lucas supply function, the economy will produce ________ output when prices are ... (Read 136 times)

javeds

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on: Apr 19, 2019

Question 1

According to the Lucas supply function, the amount of output produced is ________ to the price level if people's expectations of the price level are on target.


◦ directly related
◦ inversely related
◦ negatively related
◦ not related

Question 2

According to the Lucas supply function, the economy will produce ________ output when prices are unexpectedly ________ than when prices are at their expected level.


◦ more; higher
◦ the same; lower
◦ the same; higher
◦ less; higher
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by javeds on Apr 19, 2019

tanna.moeller

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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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javeds

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Reply #2 on: Apr 19, 2019
Excellent


tanna.moeller

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D


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