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Unformatted text preview: 4. What did the Adelman’s do and what did their work signify? 5. What does Lucas think of Keynesian economics? 6. What is meant by zero-degree homogeneity of demand systems? 7. What is meant by rational expectations? 8. Does Lucas think that involuntary unemployment is a useful concept? If not – why not? 9. Does Lucas think that the government should try to intervene to stabilize business cycles?...
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This note was uploaded on 06/30/2009 for the course ECON 102 taught by Professor Serra during the Fall '08 term at UCLA.
- Fall '08