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Munze Munze
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7 years ago
The staggering of wage and price decisions suggests that
A) people do not possess rational expectations.
B) people do possess rational expectations.
C) the economy will adjust slowly to shocks even if people possess rational expectations.
D) the Lucas critique is entirely correct.
E) real business cycle theory is correct.
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Macroeconomics

Macroeconomics


Edition: 6th
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Macroeconomics, 6/E (Blanchard, Johnson)
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