Which of the following "theories" of the formation of expectations are discussed by Gordon?
A)menu costs,markup,and wage efficiency theories
B)forward and backward-looking theories
C)economic,sociological,and political science theories
D)None of the above.

Question

Quizplus · Accepted Answer

Gordon discusses the forward and backward-looking theories of the formation of expectations. Option A refers to different theories related to market costs, markup, and wage efficiency. Option C refers to different disciplines for the study of expectations formation, which is not discussed by Gordon. Option D is not correct as Gordon does discuss theories of expectation formation.

Which of the Following "Theories" of the Formation of Expectations