According to the Lucas Critique,changes in Economic Policy Are Likely

question 27

Multiple Choice

According to the Lucas critique,changes in economic policy are likely to have important effects on

• A) the preferences of consumers.
• B) international trade.
• C) microeconomic behaviour.
• D) government.
• E) the available amounts of natural resources.

---

Definitions:

Religious Sect

A subgroup within a larger religion, often distinguished by specific beliefs, practices, or interpretations of sacred texts.

Devout Members

Individuals who are deeply committed and faithfully adhere to the beliefs, practices, and rituals of a particular religion or ideology.

Established Religion

A religion officially endorsed by a state or government, often with legal and financial support.

Routinization Of Charisma

The process by which the unique and extraordinary qualities of a charismatic leader are institutionalized in an organization or social movement.