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Statement I: Economic Behaviorists Challenge the Idea That Rational Behavior

Question 167

Multiple Choice

Statement I: Economic Behaviorists challenge the idea that rational behavior and economic self-interest are the only factors motivating economic behavior.
Statement II: The classical economists and the rational expectationists believe that wages are downwardly flexible.


A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.

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