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6) First, what the Lucas critique? Second, explain how it

Question : 6) First, what the Lucas critique? Second, explain how it : 1940429

6) First, what is the Lucas critique? Second, explain how it might relate to the implementation of monetary policy.

7) Discuss new classical economics and real business cycle theory.

8) Explain what is meant by "new Keynesians" and discuss some of the research conducted in this area.

9) Briefly discuss new growth theory.

10) Recent research up to the crisis proceeded mainly on three fronts. Discuss each of them.

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