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which of the following is (are) a feature of Lucas's theory of the business cycle Involuntary unemployment Adaptive expectation Only announced
which of the following is (are) a feature of Lucas's theory of the business cycle
- Involuntary unemployment
- Adaptive expectation
- Only announced changes in monetary policy can have an effect on real output
- Only unexpected changes in inflation lead to changes in employment an doutput
- All of the above