Which of the following is NOT a basic assumption of the "Lucas" model?
A) slow adjustment of wages and prices
B) rational expectations
C) imperfect information
D) market-clearing
A
Economics
You might also like to view...
Suppose you pay $290.00 for a new tablet computer. This is an example of
A) money as a store of value. B) money as a standard of deferred payment. C) barter. D) money as a medium of exchange.
Economics
Overfishing and extinction of species arise because of:
a. an abundance of natural resources. b. communist countries. c. the lack of incentive to take care of these species. d. private ownership of these resources. e. a high degree of economic freedom in all countries.
Economics