3. According to the Lucas critique, traditional methods of macroeconomic policy evaluation are flawed because they fail

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3. According to the Lucas critique, traditional methods of macroeconomic policy evaluation are flawed because they fail to consider

a. the lags inherent in the policymaking process.

b. how changes in policy influence expectations.

c. how policymakers manipulate the economy for electoral gain.

d. the temptation of policymakers to be inconsistent over time.

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Macroeconomics

ISBN: 9781319263904

11th Edition

Authors: N. Gregory Mankiw

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Question Posted: Sep 30, 2024 08:00 AM

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3. According to the Lucas critique, traditional methods of macroeconomic policy evaluation are flawed because they fail

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Macroeconomics

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