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Author Question: The Lucas supply function, in combination with the assumption that expectations are rational, ... (Read 39 times)

savannahhooper

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on: Apr 19, 2019

Question 1

The Lucas supply function, in combination with the assumption that expectations are rational, implies that if a monetary policy change is announced to the public, the actual price level


◦ will be impacted more than the expected price level.
◦ will be impacted less than the expected price level.
◦ and the expected price level will be impacted in the same way.
◦ will be impacted but the expected price level will not.

Question 2

The Lucas supply function, in combination with the assumption that expectations are rational, implies that if a monetary policy change is announced to the public


◦ the price surprise will be positive.
◦ the price surprise will be negative.
◦ there will be no price surprise.
◦ Both the price surprise will be positive and the price surprise will be negative are possible, depending on they type of monetary policy change that has been announced.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by savannahhooper on Apr 19, 2019

Natalie4ever

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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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savannahhooper

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Reply #2 on: Apr 19, 2019
Thank you!


Natalie4ever

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Reply #3 on: Apr 19, 2019
Always glad to help...


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