Abstract
The Lucas supply curve is tested using EEC price expectational data. The tests failed to find any evidence of a positively sloped aggregate supply curve due to worker and producer misperception.
Original language | English |
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Pages (from-to) | 195-197 |
Number of pages | 3 |
Journal | Applied Economics Letters |
Volume | 4 |
Issue number | 3 |
DOIs | |
Publication status | Published - 1 Jan 1997 |