Author Question: The rational expectations school of economists, including Robert Lucas and Thomas Sargent, argue ... (Read 59 times)

future617RT · **on:** Jun 29, 2018

The rational expectations school of economists, including Robert Lucas and Thomas Sargent, argue that changes in monetary policy cannot affect unemployment rates in the short run or long run.

Indicate whether the statement is true or false

Question 2

Refer to the Article Summary. Prior to the initiation of the BRRD, the European Union had essentially been bailing out troubled banks. In doing this, the EU was, in effect, acting as a

A) private equity firm. B) shadow bank.
C) lender of last resort. D) conductor of open market operations.