According to the Lucas Critique, When Economists Evaluate Alternative Policies

question 43

Multiple Choice

According to the Lucas critique, when economists evaluate alternative policies they must take into consideration:

• A)how the policies will affect expectations and behaviour.
• B)whether the policy will offset the impact of automatic stabilizers.
• C)the stage of the political business cycle in which the policy is to be implemented.
• D)the length of the inside lags associated with the policies.

Understand the concept and legal implications of collateral contracts.

Distinguish between voluntary and involuntary assignments and their legal effects.

Explain the principle of vicarious performance and its relevance in contractual obligations.

Discuss the development and scope of the doctrine of privity in contract law and its exceptions.

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Indigenous Canadians

The First Nations, Inuit, and Métis peoples who are the original inhabitants of the land that is now Canada.

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