Explain the “Lucas Critique”. Briefly, discuss the importance of e – InterviewSolution

1.	Explain the “Lucas Critique”. Briefly, discuss the importance of evaluating the effectiveness of economic policy.
Answer» Answer:The Lucas critique, named for Robert Lucas's work on macroeconomic policymaking, argues that it is naive to try to predict the effects of a change in economic POLICY ENTIRELY on the basis of relationships observed in historical DATA, especially highly aggregated historical data.hope it HELPS you... please mark as brainliest

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