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NYC NYC
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8 years ago
The Lucas supply function,________ the assumption that expectations are rational, implies that an ________ change in monetary policy affects the actual price level and the expected price level.
A) in combination with; announced
B) in contrast to; unannounced
C) in contrast to; announced
D) in combination with; unannounced
Textbook 
Principles of Macroeconomics

Principles of Macroeconomics


Edition: 11th
Authors:
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JesslynJesslyn
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NYC Author
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#2
8 years ago
Good answer, thanks.
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