A major factor in determining the rational expectation of inflation is
A) the size of the budget deficit.
B) forecasts of the Fed's monetary policy.
C) forecasts of fiscal policy.
D) the previous month's unemployment rate.
E) the recent past behavior of the stock market.
B
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Which of the following is a government response to asymmetric information?
A) product guarantees B) external product certification C) manufacturer's warranties D) government licensing
Game theory is necessary for understanding
a. all market structures. b. competition and oligopoly, but it is not necessary for understanding monopoly. c. monopoly and oligopoly, but it is not necessary for understanding competition. d. oligopoly, but it is not necessary for understanding monopoly or competition.
Antitrust activities by the government:
A. can cause inefficiencies. B. sometimes increase the efficiency of a market. C. are accused of being politically motivated. D. All of these statements are true.
A Major League Baseball player signs a contract that pays $27 million over 5 years. The $27 million is the contract's ________ value.
A. real B. implicit C. external D. nominal