Social Studies, 21.08.2019 23:20, genesisdiaz2562

The lucas critique indicates that
a. advocates of discretionary policies' criticisms of rational expectations models are well-founded.
b. advocates of discretionary policies' criticisms of rational expectations models are not well-founded.
c. expectations are important in determining the outcome of a discretionary policy.
d. expectations are not important in determining the outcome of a discretionary policy.

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The lucas critique indicates that
a. advocates of discretionary policies' criticisms of ratio...