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Which of the following is NOT a basic assumption of the "Lucas" model?

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Which of the following is NOT a basic assumption of the "Lucas" model?

Which of the following is NOT a basic assumption of the "Lucas" model?
A) slow adjustment of wages and prices
B) rational expectations
C) imperfect information
D) market-clearing

Textbook

Macroeconomics

Macroeconomics

Edition: 12^th

Author: Gordon

Read 70 times

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