Lucas Argues That When Policies Change,expectations Will Change Thereby

question 22

Multiple Choice

Lucas argues that when policies change,expectations will change thereby

• A)changing the relationships in econometric models.
• B)causing the government to abandon its discretionary stance.
• C)forcing the Fed to keep its deliberations secret.
• D)making it easier to predict the effects of policy changes.

Recognize the roles and functions of integration positions such as integrators, facilitators, coordinators, liaison roles.

Understand the process and importance of achieving coordination across differentiated departments.

Grasp the concept of standardization as a means of coordination and the various forms it takes.

Understand the ascending order of elaboration in methods of achieving integration and the corresponding roles.