7. the lucas-supply function assumes that O people and firms are generalists in production and specialists...

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7. the lucas-supply function assumes that O people and firms are generalists in production and specialists in consumption O price surprises are irrelevant O most companies tend to produce a large scope of products using only few inputt O people and firms are specialists in production but generalists in consumption 7. the lucas-supply function assumes that O people and firms are generalists in production and specialists in consumption O price surprises are irrelevant O most companies tend to produce a large scope of products using only few inputt O people and firms are specialists in production but generalists in consumption

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The Lucas supply function with rational expectations implies ... View the full answer