Lucas aggregate supply function

The Lucas aggregate supply function or Lucas "surprise" supply function, based on the Lucas imperfect information model, is a representation of aggregate supply based on the work of new classical economist Robert Lucas. The model states that economic output is a function of money or price "surprise".

Source: Wikipedia — Lucas aggregate supply function (CC BY-SA 4.0)

Lucas aggregate supply function

The Lucas aggregate supply function or Lucas "surprise" supply function, based on the Lucas imperfect information model, is a representation of aggregate supply based on the work of new classical economist Robert Lucas. The model states that economic output is a function of money or price "surprise".

Source: Wikipedia "Lucas aggregate supply function" · CC BY-SA 4.0

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