This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: According to the Lucas supply function, in combination with the assumption that expectations are ... (Read 106 times)

Caiter2013

  • Hero Member
  • *****
  • Posts: 607
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Caiter2013 on Apr 19, 2019

FergA

  • Sr. Member
  • ****
  • Posts: 352
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.
Answer Preview
Only 25% of students answer this correctly


Caiter2013

  • Member
  • Posts: 607
Reply 2 on: Apr 19, 2019
Gracias!

Bigfoot1984

  • Member
  • Posts: 321
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Structure and function of the thick and thin filaments. Structure and function of the thick and thin filaments.
How to determine if a function is even or odd How to determine if a function is even or odd
How to perform the concavity test and second derivative test for a function (Part 2) How to perform the concavity test and second derivative test for a function (Part 2)
How to find the average value of a function (Part 2) How to find the average value of a function (Part 2)
List transformations and Create a table of values for the following log function: List transformations and Create a table of values for the following log function:
Which outcome corresponds to the combination of silver and carbonate ions shown in the ... Which outcome corresponds to the combination of silver and carbonate ions shown in the ...
Video: Properties of water -structure of water and polarity (Ionized and polar compounds)

For a complete list of videos, visit our video library