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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 anticipated policy changes will have ________ on real output.
A) in combination with; no effect
B) in combination with; a positive effect
C) in contrast to; a positive effect
D) in contrast to; a negative effect
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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