Question
The short run effect of a decrease in money supply or contractionary Monetary Policy on real variables under Lucas Rational Expectation model, would be different
The short run effect of a decrease in money supply or contractionary Monetary Policy on real variables under Lucas Rational Expectation model, would be different if the decrease is expected as compared when it is not
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Economics The Basics
Authors: Michael Mandel
2nd Edition
0073523186, 9780073523187
