A market participant who obeys the principles of rational expectations will base his or her expectations of market price on
A) all possible information about supply and demand curves.
B) all possible information about the history of price movements.
C) rational behaviour by other market participants.
D) rational behaviour by government regulators.
Correct Answer:
Verified
Q1: Which of the following is not an
Q2: In the economic analysis of the market
Q3: Suppose that you have complete health insurance
Q4: If the government subsidizes the health insurance
Q5: Which of the following is a reason
Q6: An individual is willing to pay something
Q7: An individual will not choose to acquire
Q9: The standard economic model assumes people are
A)rational
B)boundedly
Q10: What is the methodology of positive economics
A)models
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