Which of the following would have the biggest payoff?
A) increasing the Okun Gap
B) restoring real GDP growth to its 1960s growth rate
C) making the Okun Gap equal the Lucas Wedge
D) eliminating the Okun Gap
E) increasing the Lucas Wedge
B
Economics
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Property rights are relatively secure and free from the threat of nationalization in the HPAE
Indicate whether the statement is true or false
Economics
Robert Lucas Jr. adapted the fooling model to his own way of thinking by replacing that model's assumption of
A) continuous market-clearing. B) imperfect information. C) the natural rate hypothesis. D) the gradual correction of expectational errors.
Economics