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Author Question: According to the Lucas supply function, ________ affect(s) actual and expected price levels in different ways. (Read 130 times)

asan beg

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Question 1

According to the Lucas supply function, ________ affect(s) both actual and expected price levels in the same way.


◦ any announced policy change
◦ any unanticipated policy change
◦ only announced fiscal policy changes
◦ only announced monetary policy changes

Question 2

According to the Lucas supply function, ________ affect(s) actual and expected price levels in different ways.


◦ any announced policy change
◦ any unanticipated policy change
◦ only unanticipated fiscal policy changes
◦ only unanticipated monetary policy changes


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Marked as best answer by asan beg on Apr 19, 2019

Liamb2179

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