Why did Robert Lucas and Thomas Sargent argue that the Phillips curve might be vertical in the

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Why did Robert Lucas and Thomas Sargent argue that the Phillips curve might be vertical in the short run? What difference would it make for monetary policy if they were right?

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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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Question Posted: Nov 01, 2017 08:01 AM

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Why did Robert Lucas and Thomas Sargent argue that the Phillips curve might be vertical in the

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With rational expectations workers and firms may correctly anticipate any change in the i...View the full answer

Economics

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