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Author Question: According to the Lucas supply function, if people's expectations are ________, then the amount of ... (Read 70 times)

maychende

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on: Apr 19, 2019

Question 1

The Lucas supply function, ________ the assumption that expectations are rational, implies that ________ policy changes will have no effect on real output.


◦ in combination with; unanticipated
◦ in combination with; announced
◦ in contrast to; unanticipated
◦ in contrast to; announced

Question 2

According to the Lucas supply function, if people's expectations are ________, then the amount of output they produce is not related to the price level.


◦ on target
◦ too low
◦ too high
◦ None of these
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by maychende on Apr 19, 2019

tashiedavis420

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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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maychende

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

raili21

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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