Question
The Lucas Critique asserts
_______Solution
The Lucas Critique asserts that historical relationships between variables become irrelevant once economic policies change. It argues that economic models relying solely on past data fail to account for how individuals' expectations and behavior change in response to new policies, making such models unreliable for policy evaluation.
What is the primary focus of the 'Maiyan Samman Yojana' in Jharkhand?
Consider the following statements about Garba dance:Â
1.   Recently, Garba has been inscribed in the Representative List of Intangible Cultu...
Operation Muskaan-XI in Telangana rescued how many children in total?
Who rose to World No. 2 in live chess ratings after a win at the Chennai Grand Masters 2024?
The IIT Hyderabad has created India's first AI-triggered accessible job portal for persons with disabilities (PwDs). Name it?
‘Ganymede’, a natural satellite of ___________, is the largest and most massive of the Solar System's moons.
Recently which Digital payments platform on has launched support for cross-border payments through unified payments interface (UPI)?
How many individuals were selected for Padma Awards in 2024 across both civil investiture ceremonies?
Which strategy was employed by Iraq to successfully eliminate trachoma as a public health problem, making it the fifth country in the WHO Eastern Medite...
What is India’s projected GDP growth rate for FY25 as maintained by the IMF in its Regional Economic Outlook for Asia-Pacific?