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Author Question: The Lucas supply function states that real output will notchange from its fixed level (Read 81 times)

cnetterville

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on: Apr 19, 2019

Question 1

The Lucas supply function states that real output can change from its fixed level


◦ only if there is a positive price surprise.
◦ only if there is a negative price surprise.
◦ only if there is no price surprise.
◦ Both only if there is a positive price surprise and only if there is a negative price surprise are possible.

Question 2

The Lucas supply function states that real output will 
not change from its fixed level


◦ only if there is a positive price surprise.
◦ only if there is a negative price surprise.
◦ only if there is no price surprise.
◦ Both only if there is a positive price surprise and only if there is a negative price surprise are possible.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by cnetterville on Apr 19, 2019

Dunkey

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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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cnetterville

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Reply #2 on: Apr 19, 2019
Thanks


Dunkey

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


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