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Homework answers / question archive / Lucas's monetary theory of the business cycle _____
Lucas's monetary theory of the business cycle _____.
a. helps to explain why output and inflation are negatively correlated
b. assumes that economic agents have perfect information about the economy
c. helps to explain why output and inflation tend to move in the opposite direction over the course of the business cycle
d. relies on the signal extraction problem
e. all of the above
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