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What is the easterlin paradox

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Reference no: EM131825759

Q1. Write down one example (it must be di erent from the class one on the NFL) to illustrate the Lucas Critique. 

Q2. What is the Easterlin paradox? 

Q3. Write down the de nition of the following economic terms 

-GDP

-Price Index

-Inflation

-Stock

-Flow 

Reference no: EM131825759

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