The belief that workers and consumers incorporate the likely consequences of government policy changes into their expectations by quickly adjusting wages and prices is known as _____.
A)the theory of supply and demand
B)the rational choice theory
C)the prospect theory
D)the new trade theory
E)the theory of rational expectations

Question

Quizplus · Accepted Answer

The Answer of The belief that workers and consumers incorporate the likely consequences of government policy changes into their expectations by quickly adjusting wages and prices is known as _____.
A)the theory of supply and demand
B)the rational choice theory
C)the prospect theory
D)the new trade theory
E)the theory of rational expectations

The Belief That Workers and Consumers Incorporate the Likely Consequences