Which of the following statements is (are) correct?
A) Rational expectations imply rational voters that make do not make mistakes.
B) The partisan model of fiscal policy are consistent with rational expectations
C) short-sighted behavior in voting is inconsistent with rational expectations.
D) The earliest political business cycle models assumed that expectations were always rational.
E) none of the above.
Correct Answer:
Verified
Q32: According to the concept of rational expectations
A)budget
Q33: Which of the following hypotheses about voter
Q34: A deficit-financed tax cut will _ national
Q35: Based on current budget projections,in the U.S.over
Q36: Measuring the size of future government deficits
Q38: Advocates of the public-choice view argue that
Q39: In the IS-LM model,when government spending and
Q40: From the net tax function: T =
Q41: High budget deficits may:
A)encourage overly expansionary fiscal
Q42: During the 2000s,the Federal government's deficit rose
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