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?

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 

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