In the late 1970s,proponents of rational expectations argued that
A)the Fed should not attempt to aggressively fight inflation.
B)the sacrifice ratio was smaller than previously thought.
C)the short run was relatively long.
D)None of the above is correct.

Question

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The Answer of In the late 1970s,proponents of rational expectations argued that
A)the Fed should not attempt to aggressively fight inflation.
B)the sacrifice ratio was smaller than previously thought.
C)the short run was relatively long.
D)None of the above is correct.

In the Late 1970s,proponents of Rational Expectations Argued That