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Question 6 Discuss the Lucas Critique. (4marks) With the help of a diagram, show the implications of Rational Expectations for the Phillips curve. (6marks)
Question 6
- Discuss the Lucas Critique. (4marks)
- With the help of a diagram, show the implications of Rational Expectations for the Phillips curve. (6marks)
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Macroeconomics Principles Applications and Tools
Authors: Arthur O'Sullivan, Steven Sheffrin, Stephen Perez
9th edition
978-0134089027, 134089022, 978-0134420684
