Rational expectations refer to
A) the use of all available information in forecasting economic variables.
B) the use of aggregate supply to forecast unemployment.
C) the use of opportunity costs to forecast inflation.
D) disinflation.
Correct Answer:
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Q37: Supply-side economists would say that tax rates
Q38: Which one of the following macroeconomic theories
Q39: Systematic error is most clearly associated with
A)rational
Q40: According to monetarists
A)changes in the money supply
Q41: Most modern monetarists believe that
A)the capitalist system
Q43: Which one of the following statements best
Q44: Milton Friedman,a leading monetarist,believes the Fed should
Q45: Classical economists perceive that
A)investors' expectations about returns
Q46: The theory that people will expect fiscal
Q47: According to the monetarist point of view
A)to
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