The idea that economic agents do not make systematic errors because they use all information efficiently is called the
A) consistency hypothesis.
B) rational expectations hypothesis.
C) information efficiency hypothesis.
D) principle of maximizing behavior.
Correct Answer:
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Q1: If the central bank cannot commit,then
A) the
Q2: In the United States,the observed Phillips curve
Q3: The original work on the application of
Q4: The slope of the Phillips curve in
Q6: The fact that private sector economic agents
Q7: A predominant view among Federal Reserve officials
Q8: If the Phillips curve aids in forecasting
Q9: In the Friedman-Lucas money surprise model
A) productivity
Q10: The Phillips curve shifts because
A) private behavior
Q11: If the central bank cannot commit,then
A) the
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