notational detail

Explain the principle known as monetary policy ineffectiveness and discuss Lucas’ argument as to why it arises in an economy in which agents have rational expectations.

The maximum word limit is 1500, not counting equations, tables or diagrams (if used). This should be more than enough to answer the required number of questions without waffle or unnecessary details. Each question relates to material taught in this module. Your answers should be in your own words and reflect your own understanding. Marks […]

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