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Author Question: According to the Lucas supply function, in combination with the assumption that expectations are ... (Read 108 times)

Caiter2013

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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


◦ anticipated policy changes have a significant effect on real output.
◦ unanticipated policy changes have no effect on real output.
◦ anticipated policy changes have no effect on real output.
◦ the effect that policy changes have on real output is the same, regardless of whether those changes are anticipated or not.

Question 2

According to the Lucas supply function, in combination with the assumption that expectations are rational, change in government policy can affect real output only if


◦ the policy change is correctly anticipated by the public.
◦ the policy change is a surprise.
◦ the policy change is a mix of both fiscal and monetary policy changes.
◦ expansionary policy changes are made.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by Caiter2013 on Apr 19, 2019

FergA

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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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Caiter2013

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Reply 2 on: Apr 19, 2019
Thanks for the timely response, appreciate it

amcvicar

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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