The _____ hypothesis is based on the assumption that the best indicator of the future is what has happened in the past.
A) adaptive expectations
B) rational expectations
C) monetary
D) supply-side
Correct Answer:
Verified
Q26: Statement I: Monetarists argue that discretionary economic
Q27: Which of the following is NOT a
Q28: A key issue in the present disagreement
Q29: Q30: According to crude versions of the quantity Q32: The new classical economists are the Q33: Milton Friedman and others,citing imperfections and mistakes Q34: One major assumption of the theory of Q35: Supply-side economists believe that,in general, Q36: Keynesian economists tend to believe that the
A)Keynesians.
B)economic behaviorists.
C)supply-siders.
D)rational
A)by raising tax
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