Multiple Choice
According to the Lucas critique,changes in economic policy are likely to have important effects on
A) the available amounts of natural resources.
B) the behavior of consumers and firms.
C) the preferences of consumers.
D) none of the above.
Correct Answer:

Verified
Correct Answer:
Verified
Q55: Primarily,macroeconomists use microeconomic principles to study<br>A) business
Q56: When there is positive inflation<br>A) the nominal
Q57: Business cycles are<br>A) each unique, but all
Q58: Which period was not a recession in
Q59: A likely explanation for the 2008-2009 recession
Q61: Limit commitment occurs when<br>A) collateral is required
Q62: The structure of a macroeconomic model involves
Q63: The two most important American business cycle
Q64: The quantity of money in circulation in
Q65: The idea that government budget deficits do