The Lucas critique is an attack on the usefulness of
A)conventional econometric models as forecasting tools.
B)conventional econometric models as indicators of the potential impacts on the economy of particular policies.
C)rational expectations models of macroeconomic activity.
D)the relationship between the quantity theory of money and aggregate demand.

Question

Quizplus · Accepted Answer

The Answer of The Lucas critique is an attack on the usefulness of
A)conventional econometric models as forecasting tools.
B)conventional econometric models as indicators of the potential impacts on the economy of particular policies.
C)rational expectations models of macroeconomic activity.
D)the relationship between the quantity theory of money and aggregate demand.

The Lucas Critique Is an Attack on the Usefulness of