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- Lucas_aggregate_supply_function abstract "The Lucas aggregate supply function or Lucas 'surprise' supply function, based on the Lucas imperfect information model, is a representation of aggregate supply based on the work of new classical economist Robert Lucas. The model states that economic output is a function of money or price "surprise." The model accounts for the empirically based trade off between output and prices represented by the Phillips curve, but the function breaks from the Phillips curve since only unanticipated price level changes lead to changes in output. The model accounts for empirically observed short-run correlations between output and prices, but maintains the neutrality of money (the absence of a price or money supply relationship with output and employment) in the long-run. The policy ineffectiveness proposition extends the model by arguing that, since people with rational expectations cannot be systematically surprised by monetary policy, monetary policy cannot be used to systematically influence the economy.".
- Lucas_aggregate_supply_function wikiPageID "28155219".
- Lucas_aggregate_supply_function wikiPageLength "5825".
- Lucas_aggregate_supply_function wikiPageOutDegree "21".
- Lucas_aggregate_supply_function wikiPageRevisionID "679309876".
- Lucas_aggregate_supply_function wikiPageWikiLink Aggregate_supply.
- Lucas_aggregate_supply_function wikiPageWikiLink Category:New_classical_macroeconomics.
- Lucas_aggregate_supply_function wikiPageWikiLink Economic_output.
- Lucas_aggregate_supply_function wikiPageWikiLink Edward_C._Prescott.
- Lucas_aggregate_supply_function wikiPageWikiLink Finn_E._Kydland.
- Lucas_aggregate_supply_function wikiPageWikiLink Leonard_Rapping.
- Lucas_aggregate_supply_function wikiPageWikiLink Lucas_islands_model.
- Lucas_aggregate_supply_function wikiPageWikiLink Milton_Friedman.
- Lucas_aggregate_supply_function wikiPageWikiLink Monetary_policy.
- Lucas_aggregate_supply_function wikiPageWikiLink Natural_rate_hypothesis.
- Lucas_aggregate_supply_function wikiPageWikiLink Natural_rate_of_unemployment.
- Lucas_aggregate_supply_function wikiPageWikiLink Neutrality_of_money.
- Lucas_aggregate_supply_function wikiPageWikiLink New_classical_macroeconomics.
- Lucas_aggregate_supply_function wikiPageWikiLink Okuns_law.
- Lucas_aggregate_supply_function wikiPageWikiLink Output_(economics).
- Lucas_aggregate_supply_function wikiPageWikiLink Phillips_curve.
- Lucas_aggregate_supply_function wikiPageWikiLink Policy-ineffectiveness_proposition.
- Lucas_aggregate_supply_function wikiPageWikiLink Policy_Ineffectiveness_Proposition.
- Lucas_aggregate_supply_function wikiPageWikiLink Potential_output.
- Lucas_aggregate_supply_function wikiPageWikiLink Rational_expectations.
- Lucas_aggregate_supply_function wikiPageWikiLink Real_business-cycle_theory.
- Lucas_aggregate_supply_function wikiPageWikiLink Real_business_cycle_theory.
- Lucas_aggregate_supply_function wikiPageWikiLink Relative_price.
- Lucas_aggregate_supply_function wikiPageWikiLink Robert_Lucas,_Jr..
- Lucas_aggregate_supply_function wikiPageWikiLink Shock_(economics).
- Lucas_aggregate_supply_function wikiPageWikiLinkText "Lucas aggregate supply function".
- Lucas_aggregate_supply_function wikiPageWikiLinkText "a theory of supply".
- Lucas_aggregate_supply_function hasPhotoCollection Lucas_aggregate_supply_function.
- Lucas_aggregate_supply_function wikiPageUsesTemplate Template:Cite_book.
- Lucas_aggregate_supply_function wikiPageUsesTemplate Template:Reflist.
- Lucas_aggregate_supply_function subject Category:New_classical_macroeconomics.
- Lucas_aggregate_supply_function hypernym Representation.
- Lucas_aggregate_supply_function comment "The Lucas aggregate supply function or Lucas 'surprise' supply function, based on the Lucas imperfect information model, is a representation of aggregate supply based on the work of new classical economist Robert Lucas.".
- Lucas_aggregate_supply_function label "Lucas aggregate supply function".
- Lucas_aggregate_supply_function sameAs m.0cmbl3m.
- Lucas_aggregate_supply_function sameAs Функция_совокупного_предложения_Лукаса.
- Lucas_aggregate_supply_function sameAs Q4493462.
- Lucas_aggregate_supply_function sameAs Q4493462.
- Lucas_aggregate_supply_function wasDerivedFrom Lucas_aggregate_supply_function?oldid=679309876.
- Lucas_aggregate_supply_function isPrimaryTopicOf Lucas_aggregate_supply_function.