Which of the following holds that economic decision making on all levels is unbiased and is based on all available information?
A) Keynesian cycle theory
B) rational expectations based theory
C) adaptive expectations based theory
D) none of the above
Correct Answer:
Verified
Q195: The policy irrelevance proposition implies that
A) unanticipated
Q195: The proposition that policy actions have no
Q196: Adding the assumption of pure competition and
Q199: According to the real-business-cycle perspective
A)the economy cannot
Q201: The real business cycle theory
A)indicates that supply
Q202: Q203: The rational expectations hypothesis is based on Q205: The rational expectations hypothesis suggests that if
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