A rational expectation is
A) an incorrect forecast.
B) necessarily correct because it is the best available forecast.
C) a correct forecast but it might not be the best available forecast.
D) not necessarily correct but is the best available forecast.
Correct Answer:
Verified
Q141: The real business cycle theory asserts that
Q143: Which of the following leads to a
Q144: The short- run Phillips curve and the
Q146: At the start of a cost- push
Q148: Q148: The factor leading to business cycles in Q149: Fluctuation in business confidence is the factor Q164: The long-run Phillips curve is _.
A) vertical
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