In what ways are the Friedman-Phelps fooling model and the Lucas model similar? In what ways do

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In what ways are the Friedman-Phelps “fooling” model and the Lucas model similar? In what ways do they differ?

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Macroeconomics

ISBN: 978-0138014919

12th edition

Authors: Robert J Gordon

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Question Posted: Dec 09, 2015 03:26 AM

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In what ways are the Friedman-Phelps fooling model and the Lucas model similar? In what ways do

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Both the Friedman model and the Lucas model share the assumptions of continuous market ...View the full answer

Macroeconomics

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