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Author Question: The Lucas supply function, in combination with the assumption that expectations are rational, ... (Read 77 times)

piesebel

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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 an announced change in monetary policy affects


◦ the actual price level, but not the expected price level.
◦ neither the actual price level nor the expected price level.
◦ the expected price level, but not the actual price level.
◦ both the actual price level and the expected price level.

Question 2

The Lucas supply function, in combination with the assumption that expectations are rational, implies that an announced monetary policy change will lead to


◦ a positive price surprise.
◦ no price surprise.
◦ a negative price surprise.
◦ a positive price surprise for expansionary monetary policy and a negative price surprise for contractionary monetary policy.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by piesebel on Apr 19, 2019

wergv

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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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piesebel

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Reply #2 on: Apr 19, 2019
Thanks


wergv

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Reply #3 on: Apr 19, 2019
Welcome :)


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